Corrective taxes are often difficult to implement because _____
a. those affected by the externality are often loathe to use political means to implement the tax
b. those creating the externality threaten to shut down
c. those who suffer from the externality refuse to talk about it
d. the creator of an externality will use political means to try to prevent the tax
d
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Production data for Joe's Pizza Parlor are as follows. For simplicity assume that labor is the only input. Each pizza sells for $5. Number of WorkersPizzas Baked Per Day00110218324430532How many workers will Joe hire if he must pay each one $35 a day?
A. 1 B. 2 C. 3 D. 4
The above figure shows a graph of the market for pizzas in a large town. At a price of $14, there will be
A) no pizzas supplied. B) equilibrium. C) excess supply. D) excess demand.
If price is less than average total cost, a firm
a. earns an economic profit b. hires additional workers c. moves its factory offshore d. fires the marginal worker e. suffers an economic loss
On this economic growth and production possibilities curve, Economy A experienced ______.
a. a smaller shift in the production possibilities curve
b. less capital investment
c. greater growth
d. higher initial levels of consumption spending