Introduction to Microeconomics. Topic 7: Taxes
English
Intermedi
The topic of the questions in this test are based on standard introductory level microeconomics textbook. For my class I am using Krugman & Wells' Economics textbook. This test is based on theory provided in Chapter 7: Taxes. There are 30 questions in this test. You have maximum of 5 minutes to answer each question. Good luck!
Descripció
Economics, Microeconomics, Introductory Microeconomics, Taxes, Tax incidence, Elasticity and tax incidence, Welfare and taxes
Etiquetes
30
Preguntes
5 min
Per pregunta
10:13
Mitjana de temps
3,8
Puntuació en la competició
9
Participants
1. Educational explanations. 👍 Explanations cover why the correct answers are correct and why the wrong answers are wrong (when appropriate). E.g.: #q1, #q2, #q3
2. Well-used and self-made media. 👍 E.g.: #q5, #q6, #q7, etc.
The explanation given is not clear.
Quiz 19 is based on an assumption (Assume that pre-tax price is $7.99 and demand for Netflix is perfectly elastic) because Netflix doesn't raise prices after being taxed. Is this really possible? While Netflix is not a commodity product?
Sorry, if I'm Netflix, I can't follow the mindset of this business.