If the interest rates on new car loans increase, the quantity of new cars supplied will
A. increase.
B. decrease.
C. remain unchanged.
D. shift to the right.
Answer: B
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The question "Is the U.S tax system disproportionate enough?" is a ________ question, and the question "How would higher taxes make the rich behave?" is a ________ question
A) normative; normative B) normative; positive C) positive; normative D) positive; positive
The way in which most persons pay their personal income tax is in the form of
A. quarterly payments throughout the year. B. annual payment by April 15. C. monthly payments as part of mortgage payments. D. payroll withholding during the year.
One reason more sport utility vehicles (SUVs) are driven in the United States than in Europe is
A) different marginal rates of substitution. B) different marginal rates of transformation. C) the United States hasn't had a recession since 2000-2001. D) Either A or B
In the above figure, what is the efficient quantity of hot dogs to produce?
A) 2 thousand per day B) 4 thousand per day C) 6 thousand per day D) The efficient quantity cannot be determined without knowing the PPF for this economy.