The natural rate of unemployment occurs if there is no:
A. unemployment.
B. frictional unemployment.
C. structural unemployment.
D. cyclical unemployment.
Answer: D
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The congestion tax implemented in London reduced traffic volume and cut travel time for cars and buses in half
Indicate whether the statement is true or false
Congestion pricing
A) is an estimation of the price of being off of work with the flu. B) is an attempt to internalize the external costs of driving. C) is the raising of taxes on gasoline to support the construction of mass urban transit systems. D) works fine in theory but cannot work in the real world because the technology is lacking.
A tax may be used as a corrective device in the case of a negative externality because it will __________ marginal private costs and __________ supply.
A. increase; decrease B. increase; increase C. decrease; decrease D. decrease; increase
According to the text, producing different brands of essentially the same good is called brand
a. multiplication b. duplication c. amplification d. recognition e. loyalty