The above figure shows the market for anti-freeze. The government imposes the sales tax shown in the figure on sellers. The sales tax on anti-freeze decreases the quantity of anti-freeze that automobile owners purchase by
A) 0 gallons.
B) 1000 gallons.
C) 2000 gallons.
D) 3000 gallons.
B
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It has been argued that tied aid leads to inefficiencies in the recipient country's economy. Explain how this could occur
What will be an ideal response?
A decrease in expected inflation
A) usually leads to falling nominal interest rates. B) results in increased nominal capital gains on physical assets. C) will shift the bond demand curve to the left. D) will shift the supply curve for loanable funds to the left.
A scatter diagram is a way to show the relationship between disposable income and consumer expenditures.
Answer the following statement true (T) or false (F)
If OPEC is an effective cartel,
A. price changes are dictated by changes in demand. B. output changes are dictated by changes in demand. C. members agree on output quotas. D. oil prices will be lower than if the market functioned competitively.