The table gives the demand and supply schedules for boat rides. If the supply of boat rides increases by 20 rides a day, the price will ________
A) remain unchanged
B) fall to $6 a ride
C) rise to $6 a ride
D) rise to $10 a ride
B
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According to an Asian Development Bank report in 2007, China's Gini coefficient, a statistical measure of wealth distribution in society, soared to 47.3 in 2004 from 40.7 in 1993, putting the country at a level more typical of Latin America
China experienced ________. A) a decrease in income inequality B) an increase in income inequality C) a decrease in income D) an increase in income
Tax smoothing is intended to ________
A) reduce income inequality B) avoid fluctuations in the ratio of the government deficit to GDP C) shift the burden from current taxpayers onto future generations D) keep the tax wedge from shrinking
By 1900, the leading cotton producing state was
a. Georgia. b. Louisiana. c. Texas. d. Mississippi.
Factory A can reduce emissions at a cost of $250 per ton. Factory B can reduce emissions at a cost of $400 per ton. In a system in which the government issues transferable pollution right at a price of $200 per ton:
a. Factory A can profit from selling its pollution rights to Factory B. b. Both firms have an incentive to buy pollution rights c. Factory B can profit from selling its pollution rights to Factory A. d. Both firms have an incentive to sell pollution rights.