Which of the following constitutes an external cost of driving an automobile?
A) insurance
B) fuel
C) pollution
D) license
Answer: C
Economics
You might also like to view...
The table above gives the domestic demand and supply schedules for a good. Suppose the world price of the good is $40 and the government imposes a $20 per unit tariff. How much will the government collect as tariff revenue?
A) $160 B) $360 C) $320 D) $240 E) $80
Economics
What is the significance of the concepts "consumer surplus" and "producer surplus"?
What will be an ideal response?
Economics
A rise in government expenditure __________ the natural rate of interest
A) lowers B) raises C) has no effect on D) has an uncertain effect on
Economics
If investment increases by $100 and, as a result, gross domestic product (GDP) ultimately increases by $200, the multiplier equals _____
a. 1 b. 2 c. 3 d. 4 e. 5
Economics