Since restored historic buildings convey a positive externality, local governments may choose to
a. regulate the demolition of them.
b. provide tax breaks to owners who restore them.
c. increase property taxes in historic areas.
d. Both a and b are correct.
d
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Refer to the table above. If the world price of trousers is $8 per pair, then which of the following statements is true?
A) Country B, Country C, and Country D will export trousers, whereas Country A will import trousers. B) Country A, Country C, and Country D will import trousers, whereas Country B will export trousers. C) Only Country B will import trousers, whereas Country A, Country C, and Country D will export trousers. D) All countries will import trousers.
Receipt of foreign aid permits less-developed countries to move to a point outside their production possibilities curve
a. True b. False Indicate whether the statement is true or false
An economic slow-down would cause the labor:
A. supply curve to shift left. B. supply curve to shift right. C. demand curve to shift left. D. demand curve to shift right.
The statement that the U.S. government should increase carbon taxes to reduce carbon emissions that cause global warming is? ___________.
A. a positive? statement, since most studies have found that global warming does exist and most economists do believe that carbon taxes are an effective way to control emissions. B. neither a positive nor a normative? statement, since it discusses the broad topic of global warming instead of a specific issue within the country. C. a normative? statement, since it is an incorrect statement. Most economists believe that carbon taxes should be lowered to control emissions. D. a normative? statement, since it describes what ought to be done and is therefore not possible to confirm with data.