By requiring car producers to install emission control devices on cars, the government forces these producers to internalize some of the external costs of auto pollution. This will lead to the equilibrium price of cars:
A. Decreasing and the quantity increasing
B. Decreasing and the quantity decreasing
C. Increasing and the quantity increasing
D. Increasing and the quantity decreasing
D. Increasing and the quantity decreasing
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Use the following table to answer the next question. The base year is 2007. Hot DogsBaseballsBottles of SodaYearPriceQuantityPriceQuantityPriceQuantity2005$2.00100$5.0050$2.0010020064.001005.001002.0015020076.001005.001002.0020020088.001508.002004.00200200910.0020010.002004.00250Real GDP (constant dollars) for 2005 equals ________.
A. $1500 B. $1050 C. $650 D. $100
In comparing the returns on U.S. and German Treasury securities, investors
A) should forecast the future dollar/euro exchange rate. B) may disregard the future dollar/euro exchange rate. C) should assume the future dollar/euro exchange rate is the same as today's. D) should assume the euro will depreciate if the German interest rate is above the U.S. interest rate.
Tariff rates remained high after the Civil War because government revenue needs were pressing and there were protectionist sentiments
Indicate whether the statement is true or false
The Sherman Antitrust Act was passed to
A) protect companies from foreign competition. B) protect the monopoly profits of firms. C) control the growth of monopolies in the U.S. D) prevent market price from equaling marginal cost.