A corrective tax on steel would ______.
a. raise the deadweight loss
b. raise the demand
c. raise the price
d. raise the supply
c. raise the price
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The quantity equation is expressed as _____. The rate at which money changes hands is known as _____
Fill in the blank(s) with correct word
Which of the following examples uses ceteris paribus?
a. Sarah tests the influence of the price of grapefruit on the demand for the product while eliminating other variables. b. Bernard tests how the supply of zinc changes depending on the price and the expectation of future prices. c. Ghena tests the influence of the number of consumers and product quality on the demand for a sports drink. d. Diego tests how input prices, prices of related goods, and technology together change the supply of electric toothbrushes.
What is normally the ultimate cause of hyperinflation?
What will be an ideal response?
Which statement best describes the trend in land allocation laws from the Land Ordinance of 1785 to the Homestead Act of 1862?
a. The changes were more favorable to those who held a conservative belief about land allocation. b. The changes were more favorable to those who held a liberal belief about land allocation. c. There was no consistent trend in the changes; some changes favored the conservatives and others favored the liberals.