A corrective tax is also known as:
a. a command-and-control regulation.
b. a Coase tax.
c. a Pigovian tax.
d. a Smithian tax.
c
Economics
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Refer to Figure 7-5. With insurance and a third-party payer system, the equilibrium quantity of medical services is
A) 400. B) 800. C) 1,200. D) > 1,200.
Economics
Suppose that the demand for pizza is inelastic. If a pizzeria decided to lower the price of pizza, total revenue would
A) increase. B) decrease. C) stay the same. D) be maximized.
Economics
A labor union composed of workers in the same industry is called
A) a craft union. B) an industrial union. C) a company shop. D) a guild.
Economics
Which of the following is the most direct cause of lung cancer?
a. smoking cigarettes b. buying lighters c. giving a packet of cigarettes to someone d. watching actors on TV smoking cigarettes
Economics