When deciding to implement a congestion tax, economists and the government would use the elements of the economic way of thinking to primarily determine:
A. if the tax would be allocated equitably.
B. what congestion tax amount should be charged.
C. who should be exempt from the tax.
D. where to spend the revenue generated.
Answer: B
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Economists often refer to taxes, subsidies, legal rules, and public auctions as methods of indirect regulation. Explain what this means and what are its limitations
What will be an ideal response?
Dollarization by a foreign country is another form of:
a. balancing a country's current account. b. maintaining monetary policy independence. c. fixing an exchange rate. d. maintaining a balanced government budget.
At the equilibrium price, buyers have bought all they want to buy, but sellers have not sold all they want to sell
a. True b. False Indicate whether the statement is true or false
In principle, trade can make a nation better off, because the gains to the winners exceed the losses to the losers
a. True b. False Indicate whether the statement is true or false