When Airbnb customers in Malibu start paying hotel taxes, this will have the potential to raise the equilibrium price in this market and, therefore, decrease efficiency. This would have a tendency to
A) decrease producer surplus and decrease deadweight loss.
B) decrease consumer surplus and increase deadweight loss.
C) maximize consumer surplus and minimize producer surplus.
D) increase consumer surplus and increase producer surplus.
B
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Many economists believe that when the federal government establishes an agency to regulate a particular industry, the regulated firms try to influence the agency even if these actions do not benefit the public
Economists refer to this result of government regulation by which of the following terms? A) special-interest regulation B) regulatory capture C) the regulatory paradox D) logrolling
As per capita GDP has risen over time in the United States and other countries, the
What will be an ideal response?
The model: yt = 
0 +
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yt - 1+ 
1zt -1 +vt, where vt = ut- ut -1 represents a:
A. finite distributed lag model.
B. simultaneous equations model.
C. rational distributed lag model.
D. vector error correction model.
The bulk of the M1 money supply is made up of
A. travels checks. B. checkable deposits. C. Federal Reserve notes. D. currency.