To evaluate the potential impact of introducing the hybrid Prius auto into the U.S. market, Toyota Motor Corporation would use:
A) positive economic analysis.
B) normative economic analysis.
C) negative economic analysis.
D) forensic analysis.
A
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Which one of the following statements about public debt is most accurate? a. Poor people are burdened by the debt because they pay more in taxes than they receive in interest
b. Poor people gain from the debt because they pay less in taxes than they receive in interest. c. Wealthy people are burdened by the debt because they pay more in taxes than they receive in interest. d. Wealthy people gain from the debt because they pay less in taxes than they receive in interest. e. The debt affects the poor and rich people equally.
Over the past five years, the population growth rate in Kabir’s country has been rising rapidly. How is this most likely impacting the country’s capital stock?
a. Capital stock per worker is increasing. b. Capital stock per worker is fluctuating rapidly. c. Capital stock per worker is declining. d. The population growth rate is not affecting the country’s capital stock.
Suppose the market for good X has a four-firm concentration ratio of 0.70. Having worked for the four largest firms in the industry, you know the sales for these four firms are given by $200,000, $225,000, $250,000, and $275,000. Based on this information, we know that sales for the remaining firms in the industry are:
A. $407,143. B. $943,332. C. $687,500. D. $550,500.
A government proposal to increase marginal tax rates on the wealthiest 1 percent of U.S. residents is supposed to generate an additional $200 billion in tax revenues. It is likely that
A. the actual revenue raised will be less than $200 billion, because some of the people will respond by working less and earning less income that can be taxed. B. the actual revenue raised will be close to $200 billion, because the wealthy don't respond to work incentives the way poorer workers do. C. the actual revenue raised will exceed the $200 billion, because the other 98 percent of the population will increase their work effort with a more fair tax system. D. the actual revenue raised will be more than $200 billion, because the short-run aggregate supply curve is upward sloping.