If the tax were removed, pizza eaters and sellers would be better off, but the government would lose tax revenue. Suppose that consumers and producers voluntarily transferred some of their gains to the government. True or False: All parties (including the government) could be made better off with this transfer than they were with a tax.

Why might complaints of age discrimination grow when the economy is slow? companies work very hard to retain their best talent in a recession. older employees provide a large pool of talented workers. companies may try to lower their labor costs by laying off higher paid workers. companies may try to provide more opportunities to younger workers. older workers are least affected by a slow economy?

Consumer surplus is: the difference between the price of a product and what consumers were willing to pay for the product. the difference between the discounted price of a product and its retail price. the difference between the price paid by consumers and the price required of producers. the difference between the price of a product and consumers' valuation of the last unit of the product purchased.

How an absolute advantage might affect a country's imports and exports?