Multiple ChoiceLevy a tax on the consumers of paper products and use the tax revenues to conduct research on new energy sources.Levy a tax on the consumers of electricity and use the tax revenues to subsidize the consumers of paper products.Levy a tax on the producers of electricity and use the tax revenues to clean up the river.Levy a tax on the producers of paper products and use the tax revenues to clean up the river.

It is the custom for paper mills located alongside the Layzee River to discharge waste products into the river. As a result, operators of hydroelectric power-generating plants downstream along the river find that they must clean up the river’s water before it flows through their equipment. Which of the following policies would be most appropriate for dealing with this problem?Multiple ChoiceLevy a tax on the consumers of paper products and use the tax revenues to conduct research on new energy sources.Levy a tax on the consumers of electricity and use the tax revenues to subsidize the consumers of paper products.Levy a tax on the producers of electricity and use the tax revenues to clean up the river.Levy a tax on the producers of paper products and use the tax revenues to clean up the river.

A tariff is a tax on:Group of answer choicessavingscapital goodsimportsexports

Taxes represent:Multiple Choicea leakage of purchasing power, like saving.an injection of purchasing power, like investment.an injection of purchasing power, like government spending.a leakage of purchasing power, like government spending.

Suppose the government wants to raise tax revenue.  The price elasticity of demand for electricity is 0.4. You advise the government to Group of answer choicesraise the price of electricity. lower the price of electricity.Maintain the price of electricity. Do nothing.

A country decides to levy a tax on goods brought into the country from a foreign nation. Which of the following refers to this type of tax?Multiple Choiceimport tariffvalue added taxquotavoluntary export restraints