Which of the following would be an example of a nongovernmental solution to a problem associated with externalities?
a. society's preference to drive large cars and SUVs
b. new stricter anti-litter laws
c. a general moral commitment against using sprinklers during a drought
d. tax credits for the purchase of hybrid autos
c
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The unregulated, single-price monopoly shown in the figure above will sell
A) less than 30 tickets. B) 30 tickets. C) 50 tickets. D) 100 tickets.
Very high inflation can arise when huge budget deficits are financed by the government printing its domestic currency. Which country experienced inflation of several million percent in 2008 as a result of this problem?
a. Myanmar b. Ukraine c. Zimbabwe d. Belarus
Critics of affirmative action programs argue that they
a. promote statistical discrimination. b. impair economic efficiency by preventing firms from freely choosing the most productive employee for a particular job. c. are not as efficient as quota systems at hiring women and minorities. d. All of the above are correct.
If a U.S. citizen buys a car produced in Germany, this transaction will add to
a. U.S. aggregate demand. b. U.S. aggregate supply. c. German aggregate demand. d. German imports.