If a tax is placed on tires, then i. the equilibrium quantity of tires will decrease. ii. a deadweight loss will be created. iii. the producer surplus will decrease
A) i only
B) ii only
C) i and iii
D) i and ii
E) i, ii, and iii
E
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List five theoretical economic reasons why federalism might be desirable
What will be an ideal response?
The main disadvantage of an emissions tax is that
a. The total pollution reduction from an emissions tax can not be known for sure b. Firms lack the flexibility to pursue different technologies c. Firms do not have an incentive to reduce pollution d. Firms can not be behave in an economically-efficient manner e. Differences among firms are not incorporated into the policy
This curve is downward sloping because there is ______
a. a neutral relationship between the price and quantity demanded
b. a complementary relationship between price and quantity demanded
c. a positive relationship between price and quantity demanded
d. a negative relationship between price and quantity demanded
A nondiscriminating monopolist will find that marginal revenue:
A. is less than average revenue or price. B. is identical to price. C. exceeds average revenue or price. D. is sometimes greater and sometimes less than price.