Which of the following is not an advantage of corrective taxes?
a. They raise revenues for the government.
b. They enhance economic efficiency.
c. They subsidize the production of goods with positive externalities.
d. They move the allocation of resources closer to the social optimum.
c
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Decentralized market-based financial systems improve the allocation of saving by:
A. eliminating the need for commercial banks or other financial intermediaries. B. ensuring capital gains exceed dividend payments. C. providing information and risk-sharing services. D. matching net capital inflows to net capital outflows.
Worker surplus can be measured as an area on the market labor supply curve if worker tastes are quasilinear in leisure.
Answer the following statement true (T) or false (F)
Economic growth in any country is reflected by an increase in real GDP
a. True b. False Indicate whether the statement is true or false
For a large group of individuals, the proportion of people who will have accidents is
A. extremely unstable. B. extremely predictable. C. always constant. D. extremely unpredictable.