In an article regarding Bangladesh's economy, the author suggests that the government give tax breaks on investment dollars, research and development, and donations to educational institutions. As a result of enacting the policies, the AE curve will shift __________ and the AD curve will shift __________.
a) upward; leftward
b) upward; rightward
c) downward; rightward
d) downward; leftward
b) upward; rightward
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Suppose paper pulp mills are permitted to emit harmful pollutants, free of charge, into the air. How will the price and output of paper in a competitive market compare with their values under conditions of ideal economic efficiency?
a. The price will be too high, and the output will be too large. b. The price will be too low, and the output will be too large. c. The price will be too low, and the output will be too small. d. The price will be too high, and the output will be too small.
To bring her family of four up to the poverty line, a woman would need to earn almost $_______ per hour, 40 hours per week, 52 weeks a year.
Fill in the blank(s) with the appropriate word(s).
When a manager makes decision then looks for information to justify the decision, it is called
a. implicit favorite model b. bounded rationality model c. econological model d. none of the above
Which of the following taxes is most easily shifted?
A. a uniform tax on land B. an income tax that allows for no deductions of exemptions C. a retail sales tax D. a tax on imported rice