Which of the following statements is TRUE about the effect o…

Which of the following statements is TRUE about the effect of a tax? I. Consumer surplus after the tax is area A + B. II. Producer surplus before the tax is D + E + F. III. Consumer surplus before the tax is A + C + E. IV. The size of the tax is $0.50, raising $170,000 in tax revenue. Q18 Picture.jpg 

Short Answers Select two of the four prompts below and write…

Short Answers Select two of the four prompts below and write short answers (20 points each). Answers should be at least 100 words and should address the whole prompt. Make sure to include class concepts and examples. Allocate approximately 20 minutes to this section. Label each answer with the letter of the prompt (A, B, C, or D). Note: If you submit more than two answers, only the first two will be graded. A. Foreign direct investment (FDI) has a number of potential positive and negative impacts on a country receiving the investment (i.e., the host country). Provide two reasons why governments in potential host countries may try to promote FDI and two reasons why they may try to restrict FDI. B. Briefly describe China’s history of economic development. Conclude by describing three challenges to China’s economic transition. C. Identify and describe the three principles of a circular economy. In your answer, provide an example of each. D. Explain how individualism differs from collectivism and, using examples, explain how the values of both differentially influence political systems and economic systems. Identify specific systems and countries to support your answer.