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ECO 450 WEEK 8 QUIZ
Question 1
Housing construction is generally believed to be an industry of constant costs. In the long run, which of the following is true if a $10 per square foot tax on housing construction is collected directly
from builders?
Question 2
Which of the following is true about a lump-sum tax?
Question 3
The demand for medical care is very inelastic. If a 10-percent tax is levied on the sale of medical services and is collected from medical-care providers, then:
Question 4
2 out of 2 points