Who generally bears most of a sales tax when the demand for the good taxed is
inelastic?
a the producer
b the retailer
c the wholesaler
d the consumer

What is the most likely result of specialization in producing products a and b? a) japan stops producing and using product b. b) the u.s. stops producing and using product a. c) the increased output means the u.s. and japan can trade excess units of products a and b. d) specialization means the u.s. will trade 800,000 units of product b for 60,000 units of product a.