In the absence of any government intervention, the private market

The above figure shows the production possibility frontier for a country. What is the opportunity cost per ton of rice to move from point B to point D?

The above figure shows the market for buckets of golf balls at the driving range. A new leisure time tax is placed on suppliers in this market, shifting the supply curve from S0 to S1. The quantity of buckets without the tax is ________ and the quantity with the tax is ________.

The demand curve for pizza is downward sloping and the supply curve is upward sloping. If the government imposes a $2 tax on a pizza, ________ the tax.

A sales tax imposed on sellers of a good

The above figure shows the market for buckets of golf balls at the driving range. A new leisure time tax is placed on suppliers in this market, shifting the supply curve from S0 to S1. The total tax revenue is equal to

Suppose that Korea produces shoes and soccer balls. For Korea,

**If demand is price elastic,

As more time passes, the price elasticity of gasoline

Society faces trade-offs because of