Taxing cigarettes is:
A. an example of a pricing nudge.
B. an example of an advantageous default option nudge.
C. not a nudge.
D. an example of an information nudge.
Answer: C
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At the beginning of World War II, a rationing system was established in the United States. Ration stamps or cards were issued for a variety of commodities such as canned milk and gasoline
To receive a gasoline ration card, a person had to certify a need for gas. The ration cards ranged from the most limited A card which only allowed 3 to 4 gallons per week to the most generous X card, which allowed the carrier to buy an unlimited amount of gasoline. A government entity, the War Price and Rationing Board, decided who received and A or an X card. Gasoline cards were allocated through A) command. B) market price. C) majority rule. D) force.
The economic justification for public subsidies to university research is based on the
A. value of this research to the university. B. higher salaries graduate students earn as a result of working with professors involved in research. C. external benefits of research and development to, in particular, high rates of economic growth. D. higher incomes earned by those who provide services to university researchers (equipment, supplies, etc.).
________ are in place when a country's government places restrictions on the conversion of the domestic currency into foreign currency or vice versa.
A. Official interventions B. Exchange controls C. Adjustable pegs D. Capital controls
A worldwide system of fixed exchange rates was organized and maintained under the International Monetary Fund
A) in the three decades before World War I. B) in the years between the world wars. C) from the end of World War II until the early 1970s. D) from the early 1960s to the late 1980s.