About how much of the tax is paid by the sellers?
A. $1.00
B. $1.35
C. $2.00
D. $2.65
D. $2.65
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Asarta Inc. is polluting into a nearby fishing stream; doing so benefits them $40,000 a year. The fishermen are unhappy as their trout are dying off. Typically, the fishermen can catch trout and sell it to a local market where they can earn about $8,000 a year. Currently, Asarta Inc. has the rights to use the stream as they see fit. Which of the following is an optimal solution according to the Coase Theorem?
A. Asarta Inc. could pay the fishermen $7,000 and keep polluting B. The fishermen could pay Asarta Inc. $4,000 to stop them from polluting C. Asarta Inc. could pay the fishermen $8,500 and keep polluting D. There is no optimal solution given the current property rights
Trends in the workplace include this leading one:
a. In recent years, being underemployed, having employment beneath one's level of education and experience b. Longer lunch hours c. Kinder, more empathetic bosses d. More work space, larger private offices
Suppose that on average each dollar in 1988 would buy what could have been purchased for 25 cents in 1967 (which you assume is the base year for the CPI). What is the CPI in 1988?
A. 100 B. 200 C. 400 D. 500
Economic theory suggests that the standard of living of American workers would rise if
a. technological change increased output per worker. b. the minimum wage were doubled. c. automation were outlawed. d. a larger proportion of the labor force was unionized.