Although regulation and corrective taxes are both capable of reducing pollution, regulation accomplishes this goal more efficiently
a. True
b. False
Indicate whether the statement is true or false
False
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It has been said that "underdevelopment is a state of mind." Comment
What will be an ideal response?
Assume both the demand for beef and the supply of beef decrease. Which of the following outcomes is certain to occur?
A. The equilibrium quantity of beef will fall. B. The equilibrium price of beef will fall. C. The equilibrium quantity of beef will rise. D. The equilibrium price of beef will rise.
Refer to the graph shown. Assume the economy is in short-run equilibrium at point A below potential output. The government opts for an expansionary fiscal policy that shifts the AD curve from AD0 to AD1 in an attempt to pull the economy out of the recession. An economist with a functional finance view, who also recognizes that there will be a certain degree of crowding out, would conclude that the economy will likely end up at point:
A. A. B. B. C. C. D. D.
All straight-line demand curves have the same elasticity value since the slope is constant.
Answer the following statement true (T) or false (F)