According to most economists,
A. command-and-control regulations work better than incentive-based regulations.
B. incentive-based regulations work better than command-and-control regulations.
C. command-and-control regulations have about the same effectiveness as incentive-based regulations.
B. incentive-based regulations work better than command-and-control regulations.
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List five factors that will cause the MP curve to shift. Explain what needs to happen to each of these factors to cause the MP curve to shift upward and to shift downward
What will be an ideal response?
A tax whose impact varies inversely with the income of the person taxed, and poor people have a higher percentage of their income taxed than rich people, is known as a:
a. regressive tax. b. progressive tax. c. proportional tax. d. flat tax. e. tax holiday.
The efficient number of gifts that a gift-giver wants to give is the number at which the marginal benefits of giving a gift are__________________the marginal costs of giving a gift
A) greater than B) less than C) equal to D) less than or equal to
According to the law of demand
A) people buy more of a good when the price rises. B) people buy more of a good when their income rises. C) people buy more of a good when the relative price rises. D) people buy more of a good when the price falls.