If the government offers to reduce your property taxes by 10 percent if you install solar heating for your home, this would be an example of
A. disincentives.
B. a violation of the rational assumption.
C. ceteris paribus.
D. incentives.
Answer: D
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The prices of most services have risen much faster than inflation in recent years because
A. wages and salaries of service providers have risen much faster than inflation. B. wages and salaries of service providers have risen, but their productivity has not. C. the productivity of service providers has risen dramatically. D. the demand for services has risen.
With modern sector enlargement growth, inequality will
a. first rise and then fall. b. first fall and then rise. c. remain about the same. d. All of the above.
When a change in the price level leads to a change in the quantity of net exports demanded, it is called the:
A) international trade effect. B) export effect. C) import effect. D) net export effect. E) interest rate effect.
What is a cartel?
What will be an ideal response?