If increases in government regulations have increased the cost of producing gasoline-powered lawnmowers, you accurately predict that in the market for gasoline-powered lawnmowers, there will be a(n)
A. decrease in the supply of gasoline-powered lawnmowers, an increase in the price, and a decrease in the quantity demanded.
B. decrease in the quantity supplied of gasoline-powered lawnmowers, a reduction in the price, and an increase in the quantity demanded.
C. decrease in the supply of gasoline-powered lawnmowers, an increase in the price, and a decrease in the demand.
D. increase in the supply of gasoline-powered lawnmowers, an increase in the price, and a decrease in the demand.
Answer: A
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The Coase theorem asserts that under certain conditions, the property rights to an activity will be acquired by the party that values it most
Indicate whether the statement is true or false
Which of the following is an example of a negative externality?
a. A Japanese company begins to produce cars, which causes American workers to lose their jobs. b. An employee of a chemical company spills acid on his arm, causing severe damage. c. John plants fruit trees in his front yard, which attracts bees, which sting neighbor Mary. d. Sally buys coffee at McDonald's, spills some on her, and burns her arm. e. Jack attempts to fix his roof, falls off, and breaks his leg.
Exchange rates determined by the laws of supply and demand are called: a. equilibrium exchange rates. b. fixed exchange rates
c. dirty exchange rates. d. floating exchange rates.
Presidents _____________ and _____________ will go down in history as the two greatest tax cutters.
What will be an ideal response?