A tax levied on each unit of pollution is
A. an income tax.
B. a emissions fee.
C. a flat tax.
D. an international tax.
B. a emissions fee.
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Firms attempt to create a consumer perception of product differentiation through
i. packaging. ii. marketing. iii. advertising. A) i only B) ii only C) ii and iii D) i and iii E) i, ii, and iii
Refer to the figures below. We begin in equilibrium with wages We in both the Unionized and Non unionized Labor Markets. Now suppose a Union Wage of Wu is achieved in the Unionized Labor Market. This will cause
a. fewer job opportunities in the Unionized Labor Market.
b. an increase in the supply of workers looking for employment in the Non unionized Labor Market.
c. lower wages to be earned in the Nonunionized Labor Market.
d. All of the above.
In economics, scarcity implies
A) disutility. B) utility. C) choice. D) inefficiency. E) a, c, and d
The study of how people choose between the alternatives available to them is
A. definition of economics B. model of demand C. theory of opportunity costs D. method of distinguishing between microeconomics and macroeconomics.