Which of the following is a negative economic incentive:
A. Tax reductions on fuel-efficient cars
B. High taxes on cigarettes
C. A 1% decrease in city taxes for residents who recycle
D. Free flu shots for all citizens
B. High taxes on cigarettes
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In the long run, we typically assume that ________
A) capital, labor, and technology are independent of the level of inflation B) the natural rate of unemployment is independent of the level of inflation C) aggregate supply is fixed and independent of the level of inflation D) all of the above E) none of the above
Which of the following would be expected if the tariff on foreign-produced automobiles was increased? a. The domestic price of automobiles would fall
b. The supply of foreign automobiles to the domestic market would be reduced, causing auto prices to rise. c. The number of unemployed workers in the domestic automobile industry would rise. d. The demand for foreign-produced automobiles would increase, causing the price of automobiles to increase in other nations.
The quantity demanded in a market depends on many things, but the concept of elasticity focuses on the effect of changes in the price of the good
a. True b. False Indicate whether the statement is true or false
A work stoppage by a union in solidarity with another union's cause is known as a
A) secondary boycott. B) sympathy strike. C) jurisdictional dispute. D) primary boycott.