A carbon tax on fossil fuels is likely to cause the price of goods produced by firms that use fossil fuels to:

A. decrease.
B. not change.
C. increase.
D. change, but in a way that cannot be determined.


Answer: C

Economics

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What was very unusual about the 2001 recession, was that consumer spending ________________________.

Fill in the blank(s) with the appropriate word(s).

Economics

In the United States, the average level of educational attainment is approximately a

A. primary education. B. secondary education. C. higher education. D. graduate-level education.

Economics

According to Figure 18.2, a shift from AS2 to AS3 is most likely to result from

A. A decrease in the reserve requirement. B. An increase in government spending. C. An increase in government regulation. D. A decrease in the marginal tax rate.

Economics

     Exhibit 3-8  Demand and Supply Data for Video Games ? Price Quantity Demanded of Video Games Quantity Supplied of Video Games $75 400 900 70 450 850 65 500 800 60 550 750 55 600 700 50 650 650 45 700 600 40 750 550 ? In Exhibit 3-8, if the price of video games was currently $45, there would be an ____________ of ______________ video games in this market.

A. excess demand; 700 B. excess demand; 100 C. excess supply; 100 D. excess supply; 600

Economics