Advocates of a tax on soda and other sugary drinks argue that such a tax
a. may encourage better nutrition.
b. will protect our future selves from the long run negative effects of consuming these drinks.
c. is needed because people tend to behave inconsistently over time.
d. All of the above are correct.
d
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The country in which banks are classified as city banks, regional banks, and special purpose financial institutions is
A) the United Kingdom. B) the United States. C) Japan. D) Germany.
Opportunism may occur when
A) both parties have limited information. B) both parties have full information. C) one party has information the other does not. D) All of the above.
In a country that produces only wine and guns, which of the following is least likely to lead to biased growth?
A. The technology used to produce guns improves while the technology used to produce wine does not change. B. The amount of usable land has increased substantially. C. The relaxation of migration laws has led to a huge influx of unskilled workers. D. The relative price of guns in the international market changes.
For each pair of items below determine which product would have the higher price elasticity of demand (in absolute value)
a. Insulin for a diabetic or aspirin for someone suffering a headache. b. A new Whirlpool 27 cu.ft. side-by-side refrigerator or electricity to power your all-electric home. c. A can of Red Bull or soft drinks in general. What will be an ideal response?