Command-and-control policies usually:
A. reduce the production of a polluting good more than do pollution taxes.
B. reduce the production of a polluting good less than do pollution taxes.
C. increase price less than do pollution taxes.
D. decrease the quantity demanded by less than do pollution taxes.
Answer: B
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Suppose Molly has an income of $35,000 annually and has inherited a savings account of $20,000. Wyatt has a job that pays $35,000 annually, but has debts totaling $6,000. Which of the following is TRUE?
A) We can expect Wyatt and Molly to save the same proportion of their incomes this year. B) We can expect Molly to save more than Wyatt this year. C) We can expect Wyatt to save more than Molly this year. D) We can expect Wyatt and Molly to have equal amounts of consumption this year.
For liberals, the United States has a(n)
a. public sector that is too large. b. private sector that is too small. c. economy that is too heavily regulated. d. public sector that is too small.
When marginal revenue is positive, total revenue must rise as output increases
a. True b. False
Alvin can produce either 18 chairs or 9 tables in a week, while Dean can produce either 16 chairs or 4 tables in a week. If the terms of trade are established as 1 table for 2 chairs, there are no incentives for Alvin to specialize and trade with Dean
a. True b. False Indicate whether the statement is true or false