If the government wants to decrease the quantity consumed of soda by 30%, what percentage of tax would they have to levy on soda consumption?
a. 10%
b. 20%
c. 30%
d. 40%
b
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In the IS-LM model, an easy monetary in conjunction with a tight fiscal policy
a. increases exports and decreases imports. b. decreases exports and increases imports. c. encourages foreign capital inflows to the U.S. d. both b and c. d. None of the above
The difference in unemployment rates between Europe and the U.S. has been narrowing partly because
a. tax rates in European countries are generally lower. b. economic conditions in Europe and the U.S have been converging. c. European and American labor unions have been coordinating their activities. d. of a change in labor market policies. e. Europe has been making it easier for workers to gain unemployment benefits
Who benefits primarily from rent? controls?
A) construction workers
B) poor people looking for low-income housing
C) all who want to rent
D) only renters who are able to get units at below-market rates
E1 is demand elasticity for Minute Maid orange juice, E2 is demand elasticity for all orange juice, and E3 is demand elasticity for all fruit drinks. Then
A. |E1| > |E2| > |E3| B. |E3| > |E1| > |E2| C. |E2| > |E3| > |E1| D. |E3| > |E2| > |E1|