How does a vehicle mileage traveled tax reduce the externalities caused by automobiles?
What will be an ideal response?
The VMT tax would internalize the accident external costs, causing drivers to drive less and reducing accidents.
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The key official definition of the money supply is
A) only coins and paper currency in circulation. B) M2. C) only transactions deposits at banks. D) MZM.
If Dana spends all her income on ice cream and Mountain Dew and her marginal utility per dollar from ice cream is greater than her marginal utility per dollar from Mountain Dew, she should buy more ice cream and less Mountain Dew
Indicate whether the statement is true or false
If Japan has an absolute advantage over the United States in making TVs, then Japan:
A. probably sells TVs to the United States. B. produces more TVs than the United States using the same resources. C. has the ability to produce TVs at a lower opportunity cost than the United States. D. it will have no reason to trade with the US.
One productivity standard for income distribution stated in the text is
A) income distribution should be based on contribution to society's total output. B) tax payments are higher for higher income people. C) poor people pay too much in taxes. D) the poor should contribute more to society.