A high level of air pollution worsens the health condition of Cynthia, who is asthmatic. This is an example of a positive externality
a. True
b. False
Indicate whether the statement is true or false
False
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In the United States, although people in different income groups pay different tax rates, every dollar earned by a specific individual is taxed at the same rate
Indicate whether the statement is true or false
To practice third-degree price discrimination, each of these market conditions must be met except which one?
A) All consumers must have the same own price elasticity of demand. B) No arbitrage opportunities can exist between customer groups. C) The firm must be able to determine in which group each customer belongs. D) The firm must have market power.
The price of a stock will decrease, ceteris paribus, for all of the following reasons except
A. The demand for the stock decreases. B. The supply of the stock increases. C. Consumer confidence increases. D. There is a surplus of the stock at the current price.
The various studies of the size of the fiscal multiplier by different economists suggest
A) general agreement that the fiscal multiplier value is relatively high. B) general agreement that the fiscal multiplier value has a range between 0.8 and 1.2. C) general agreement that the fiscal multiplier value is zero. D) there is a wide range of opinion on the size of the fiscal multiplier.