An efficient solution to the external cost of highway congestion would be to:
A. charge tolls for highway use differentially depending on the time of day.
B. impose higher fines for speeding.
C. charge uniform tolls for all highway use allowing drivers to distribute themselves more uniformly.
D. institute a uniform permit policy, granting each driver a permit to drive a prescribed number of miles per week.
Answer: A
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
Why do the owners of good-quality used cars stay away from the market for used cars?
What will be an ideal response?
The 1920 census reported that ________ percent of Americans were urban dwellers
a. just over 10 b. approximately 20 c. more than 50 d. 75
The term "present value" refers to the future value of present day money.
A. True B. False C. Uncertain