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These two questions are multiple choice questions. 6.Other things being equal, the more inelastic the demand for a taxed good, the A.greater the portion of
These two questions are multiple choice questions.
6.Other things being equal, the more inelastic the demand for a taxed good, the A.greater the portion of the tax paid by sellers. B. greater the excess burden of the tax. C. greater the portion of the tax paid by buyers. D.less the portion of a tax on sellers that can be shifted to buyers. 7.Which of the following statement is correct? A.Incremental budgeting seeks to group agencies with similar purposes for budgeting, independent of the government department to which they belong. B.An increase in the profits of gasoline dealers on an improved road is a benefit of the road project. C.If increases in agricultural land values are viewed as a benefit of an irrigation project, then the market value of projected increased crops should also be included as a benefit of the project. D.A proposed road improvement project is expected to increase pollution in an urban area. The pollution damage should be considered a cost of the project Step by Step Solution
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