Economics is most importantly concerned with:
a. how to profit from trading in the stock market
b. government taxation and spending.
c. studying how we allocate scarce resources to satisfy unlimited wants.
d. how to successfully launch a business.
c
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The cost of capital is:
a. concerned with what a firm has to pay for the capital b. the rate of return required by investors c. determined in the capital markets d. all of the above e. b and c only
Taxing cigarettes is:
A. an example of a pricing nudge. B. an example of an advantageous default option nudge. C. not a nudge. D. an example of an information nudge.
The figure above illustrates the gasoline market. There is no external benefit from gasoline. If a tax on gasoline is imposed as shown in the figure, then the total tax revenue earned by the government equals
A) $24 million. B) $16 million. C) $8 million. D) more than $24 million. E) less than $8 million.
Looking at the financial account data, it is possible to determine the total amount of official reserves available to a nation
Indicate whether the statement is true or false