Which statement is true?
A. The federal government never intervened in our economy until the 1930s.
B. Federal government intervention in our economy has grown steadily since the time of the Civil War.
C. The federal government has intervened in our economy from time to time throughout our history.
D. None of these statements are true.
C. The federal government has intervened in our economy from time to time throughout our history.
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The marginal social cost of a chemical is $100 per ton and its marginal private cost is $85 per ton. What is the marginal external cost of the chemical?
What will be an ideal response?
Refer to Figure 18-2. If the government imposes an excise tax of $1.00 on every unit sold, the producer's burden of the tax
A) is Pa - Pd under either supply curve. B) is Pa - Pd if the supply curve is S0 and Pb - Pe if the supply curve is S1. C) is Pc - Pd if the supply curve is S0 and Pc - Pe if the supply curve is S1. D) is Pb - Pe under either supply curve.
Under the Bretton Woods system,
a. all countries fixed their exchange rate to the price of gold. b. all countries fixed their exchange rate in terms of a quantity of gold. c. all countries fixed their exchange rate to the dollar and the dollar floated. d. the U.S. fixed the dollar to gold and all other countries fixed their exchange rate to the dollar. e. none of the above.
Which of the following might decrease the demand curve of labor for minority groups?
A. Elimination of discrimination against blacks. B. Elimination of discrimination against females. C. Easing licensing requirements. D. Increasing discrimination against any minority groups.