A negative externality such as pollution can be corrected by
A) a subsidy to producers.
B) a tax on producers.
C) a subsidy to consumers.
D) a stimulus to production.
B
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Place point A on the graph to indicate where the United States economy operated in 1938.
Equity and efficiency can be achieved simultaneously through competition
Indicate whether the statement is true or false
The proportion of total income received by a particular group is called the group's
A. Income share. B. Gini coefficient. C. Functional distribution of income. D. Market share.
Identify each of the following as nominal or real variables
a. the physical output of goods and services b. the overall price level c. the dollar price of apples d. the price of apples relative to the price of oranges e. the unemployment rate f. the amount that shows up on your paycheck after taxes g. the amount of goods you can purchase with the wage you get each hour h. the taxes that you pay the government