If the number of firms producing electric cars increases and consumer preference for electric cars increases, the equilibrium quantity of electric cars will definitely increase
Indicate whether the statement is true or false
TRUE
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Many spouses complain that their partners tend to "let themselves go" after getting married. This is an example of
a. Moral hazard b. Adverse selection c. Terrible husbands d. None of the above
Individuals have a tradeoff between leisure and work. When income from working is taxed, the cost of leisure is reduced in relative terms
a. True b. False Indicate whether the statement is true or false
One-fifth of the population, rank ordered by income, is
A. An earnings-population quintile. B. An income quintile C. A population quintile. D. None of the choices are correct.
Using the fiscal year 2017 estimates, the largest component of federal revenue is the
A) individual income tax. B) corporate income tax. C) excise tax. D) social insurance and contributions.