Barter refers to the direct exchange of goods and services for other goods and services.
Answer the following statement true (T) or false (F)
True
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Compared to prices charged by Uber, traditional taxi companies charge government-regulated prices. These government-regulated prices ________ in the market for shared rides
A) decrease producer surplus B) decrease consumer surplus C) increase consumer surplus D) decrease deadweight loss
A Pigovian tax imposed on consumers ___________ the price, and if the same tax were imposed on producers, it would _____________ the price.
A. increases; decrease B. decreases; increase C. increases; increase D. decreases; decrease
One risk of targeting inflation at zero is that ______.
a. it may damage the credibility of the central bank b. deflation may be prevented c. investment spending may reach unsustainable levels d. interest rates may fall too low
A. monetary policy is ineffective. B. the government is unable to find willing lenders so it can continue borrowing. C. it can only be solved with a fiscal stimulus of lower taxes and more government spending. D. other countries will be unwilling
to buy goods and services from the nation. A. differs from the marketplace in that voters and congressional representatives often face limited and bundled choices. B. is less prone to failure than is the marketplace. C. is a much fairer way to allocate society's scarce resources than is the impersonal marketplace, which is dominated by high-income consumers. D. involves logrolling, which is always inefficient.