The laffer curve relates

a) the tax rate to the deadweight loss of the tax.
b) the price elasticity of supply to the deadweight loss of the tax.
c) the tax rate to tax revenue raised by the tax.
d) government welfare payments to the birth rate.

scenario: hawaii and south carolina are trading partners. hawaii has an absolute advantage in the production of both coffee and tea. the opportunity cost of producing 1 pound of tea in hawaii is 2 pounds of coffee, and the opportunity cost of producing 1 pound of tea in south carolina is 1/3 pound of coffee. which of the following statements is true? a. south carolina should specialize in the production of both tea and coffee. b. hawaii should specialize in the production of tea, whereas south carolina should specialize in the production of coffee. c. hawaii should specialize in the production of coffee, whereas south carolina should specialize in the production of tea. d. hawaii should specialize in the production of both tea and coffee.

What is a uniform law adopted by all states that facilitates business transactions?

What are the factors that affects on the process of planning