The deadweight loss of a tax is Group of answer choices a) the reduction in economic welfare of taxpayers that exceeds the revenue raised by the government. b) the improved efficiency created as people reallocate resources according to the tax incentive rather than the true costs and benefits. c) the loss in tax revenues. d) Both a and b are correct.

Use this image to answer the following question. when the economy is operating at point b, the us congress is most likely to follow

Which of the following comes after a period of recession in the business cycle? a. stagflation b. a drought c. a boom d. recovery

Suppose that the u.s. dollars-mexican pesos exchange rate is fixed by the u.s. and mexican governments. assume also that labor is mobile between the united states and mexico due to low transportation costs.which of the following situations is likely to happen as a result of a simultaneous increase in the demand for u.s. goods and decrease in the demand for mexican goods? (pick mexican unemployment rate increases, and the country undergoes bad economic times for a sustained u.s. unemployment rate increases, and the country undergoes bad economic times for a sustained mexican unemployment rate rises at first, but it soon drops as unemployed mexicans move to the united states for mexican unemployment rate rises at first, but then it drops as mexican pesos depreciate against u.s. dollars.