Identify Which of the Following Would Be Recorded as External

question 46

Multiple Choice

Identify which of the following would be recorded as external events, recorded as internal events, or not recorded.
-The company signs a contract with the marketing firm and pays a retainer.

• A)Internal event
• B)External event
• C)Not recorded

Identify how taxes shift supply and demand curves.

Calculate the total surplus before and after a tax is imposed.

Distinguish between consumer and producer surplus before and after taxation.

Understand the concept of deadweight loss due to taxes.