When government levies pollution taxes on sellers to eliminate the inefficiency from the cost of pollution, the result is
A) a lower price.
B) a smaller quantity produced.
C) a smaller cost of production.
D) a rightward shift of the supply curve.
E) leftward shifts of the supply and demand curves.
B
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What is the largest component of GPDI?
A) residential fixed investment B) nonresidential fixed investment C) inventory investment D) consumer durables
The real interest rate can be negative
a. True b. False Indicate whether the statement is true or false
If Taiwanese workers can produce all goods at lower wages than American workers, then
A. Americans can still gain by trading with Taiwan. B. Americans can only lose if they import from Taiwan. C. Taiwan can only lose if it trades with America. D. there are no gains from trade that are possible in this case. E. Americans should be self-sufficient.
A Giffen good is a good for which
a. an increase in the price raises the quantity demanded. b. the income effect outweighs the substitution effect. c. an increase in the price decreases the quantity demanded. d. Both a) and b) are correct.