Understanding the impact of carbon taxes on the energy usage of individual households and firms is studied under:
A) microeconomics.
B) macroeconomics.
C) fiscal economics.
D) financial economics.
A
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When a nation removes restrictions on imported products that nation will
A. experience lower prices and consume higher quantities. B. experience higher prices and consume lower quantities. C. experience higher prices and consume higher quantities. D. experience lower prices and consume lower quantities.
If the automobile workers' union successfully negotiates a wage increase for its members, how does the wage hike affect the supply of automobiles?
A) The supply increases. B) The supply decreases. C) The quantity supplied increases. D) The quantity supplied decreases. E) Both answers B and D are correct.
According to the income effect, lower prices give people more purchasing power with which to increase the quantity demanded of goods
a. True b. False Indicate whether the statement is true or false
If the marginal propensity to consume (MPC) is 0.80, and if policy makers wish to increase real GDP $200 billion, then by how much would they have to change taxes?
a. ?$240 million. b. ?$200 million. c. ?$180 million. d. ?$50 million.