Regardless of whether a negative externality is emitted by consumers or by producers, a Pigouvian tax can be imposed on consumers only.
Answer the following statement true (T) or false (F)
False
Rationale: It does not matter which side of the market the tax is imposed on -- because the economic incidence of the tax is the same either way.
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A(n) __________ is a standardized agreement that calls for the delivery of a specific underlying commodity or security at some future date at a currently agreed-upon price
A) option contract B) swap C) futures contract D) forward contract
The dean of a large university issues the following policy for faculty pay-raises in the smaller satellite campuses: faculty pay increases will be possible only if enrollment increases above last year's targets. Evaluate the impact of this policy on the overall system.
What will be an ideal response?
Who is a price taker in a competitive market?
a. buyers only b. sellers only c. both buyers and sellers d. neither buyers nor sellers
The unemployment rate is computed as the number of unemployed
a. divided by the labor force, all times 100. b. divided by the number of employed, all times 100. c. divided by the adult population, all times 100. d. times the labor-force participation rate, all times 100.