Some colleges charge all students the same fee for access to campus computing services. Suppose that students differ by how many hours of campus computing services they use. For example, some students print all their papers and assignment in the campus computer labs, while others use their own printers in their apartments. The computing services fee is most like a(n)
a. excise tax that conforms to the benefits principle.
b. excise tax that violates the benefits principle.
c. lump-sum tax that conforms to the benefits principle.
d. lump-sum tax that violates the benefits principle.
d
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A higher rate of return on saving has
a. an income effect that discourages saving and a substitution effect that encourages saving. b. an income effect that encourages saving and a substitution effect that discourages saving. c. income and substitution effects that both decrease saving. d. income and substitution effects that both increase saving.
Social costs are
A) private costs plus any external costs. B) the costs of the externality only. C) costs incurred when common property is used. D) the costs associated with reaching and enforcing agreements.
The Federal Reserve System is the central bank of the United States
Indicate whether the statement is true or false
What are the factors that affect the supply curve for labor?
What will be an ideal response?