The authors of your text suggest which policy as a way of reducing urban traffic congestion?
A) A federal standard raising the minimum age for a driver's license to 21 years old
B) Requiring motorists to pay a toll or fee based on the costs their driving imposes on others
C) Increasing gasoline taxes
D) Requiring people to drive in car pools
B
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The federal income tax _______________ compared to a state sales tax.
A. has a higher administrative burden B. has a lower administrative burden C. is less complex D. is administered basically the same as
Which of the following was an element of the New Deal?
A. Wage and price controls B. Unemployment insurance and bank deposit insurance C. Regulation of the stock market D. Unemployment insurance, bank deposit insurance, and regulation of the stock market, but not wage and price controls
In the very short-run period,
a. the price elasticity of supply is very elastic. b. the price elasticity of demand is very elastic. c. the cross elasticity of demand is very inelastic. d. income elasticity is very elastic. e. the price elasticity of supply is very inelastic.
A home appliances supplier offers substantial discounts to customers if they buy several of the firm’s products. When bought together, these items cost considerably less than the sum of the prices of the items if they were bought separately. Which pricing arrangement is being discussed here?
A. Price dealing B. Tacit collusion C. Bundling D. Skimming