The government can use taxes to
A) change production in a market with an external cost to the efficient amount.
B) change production in a market with an external benefit to the efficient amount.
C) increase production.
D) decrease price.
A
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It is estimated that, on the average and without taking account of skill differentials, union wages are
A) equal to nonunion wages. B) less than nonunion wages. C) 66 percent higher than nonunion wages. D) 100 percent higher than nonunion wages. E) 30 percent higher than nonunion wages.
In the above table, the inflation rate between 2012 and 2013 is approximately
A) 0.9 percent. B) 1 percent. C) 10 percent. D) 100 percent.
The supply curve of land, in the market for uses of land, is:
a. perfectly inelastic. b. nonexistent. c. perfectly elastic. d. positively sloped. e. negatively sloped.
One of the consequences of preventing wages from falling in the European Union has been growing unemployment
a. True b. False Indicate whether the statement is true or false