The idea of a carbon tax makes more sense at the _________ level because it is ____________.
A. individual; easier to monitor
B. individual; going to have a larger impact
C. corporate; going to have a larger impact
D. corporate; easier to monitor
D. corporate; easier to monitor
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Government debt is different from individual debt because
A) the government can always tax to reduce it. B) the government cannot declare bankruptcy. C) the government does not need to pay interest. D) the government can decide the interest rate.
In less developed economies more economic activity is "do-it-yourself"
Indicate whether the statement is true or false
Unanticipated inflation tends to penalize:
A. people who save money in financial institutions. B. businesses that borrow money from financial institutions. C. individuals who borrow money from financial institutions. D. governments that have a progressive personal income tax.
If products C and D are close substitutes, an increase in the price of C will:
A. tend to cause the price of D to fall. B. shift the demand curve of C to the left and the demand curve of D to the right. C. shift the demand curve of D to the right. D. shift the demand curves of both products to the right.