An increased gas tax would result in ______.
a. more congestion on the road
b. fewer vehicles on the road
c. increased negative externalities
d. more miles driven
b. fewer vehicles on the road
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The difference between scarcity and a shortage is that
A. scarcity always is a part of human life while shortages usually are temporary. B. shortages are always part of human life while scarcity is usually temporary. C. scarcity is caused by poverty and shortages are caused by natural disasters. D. shortages are a type of scarcity caused by natural disasters while scarcity is caused by human errors.
In a competitive labor market, what is the profit-maximizing number of workers that a firm will hire?
What will be an ideal response?
The wage rate is constant along a firm's labor demand curve
a. True b. False
Capital flight is a problem to DVCs because it:
A. causes the value of a DVCs currency to appreciate. B. reduces the volume of DVC investment. C. reduces the flow of foreign aid from the IACs. D. causes inflation in the DVCs.