If a new unit excise tax is levied on bottles of soda, the
A) demand for soda shifts to the left.
B) demand for soda shifts to the right.
C) supply of soda shifts to the right.
D) supply of soda shifts to the left.
Answer: D
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Anthropogenic pollutants
a. arise from natural processes in nature, like particles from volcanic eruptions b. are contaminants linked to human activity c. are those released only from nonpoint sources d. are of minimal concern to environmental economists
All of the following are differences between hedge funds and mutual funds EXCEPT
A) hedge funds are largely unregulated. B) hedge funds consist of a relatively number of wealthy investors. C) hedge funds make risky investments that mutual funds cannot make. D) hedge funds use money collected from savers to make investments.
Which of the following is the best example of a normative economic statement?
a. A rise in gasoline prices will cause gasoline purchases to fall. b. The federal government should spend more on health care. c. Raising the minimum wage will result in greater unemployment. d. If more money is printed, then the economy's price level will rise.
The precautionary demand for money
a. varies inversely with the income level b. varies inversely with the price level c. is used as insurance against unexpected needs d. states that nominal income must exceed real income e. is a classical concept in monetary theory