Because a carbon tax is regressive, some economists propose to use the proceeds of a carbon tax to offset other taxes that
A. are progressive.
B. can, in turn, offset the carbon tax.
C. also attempt to mitigate global climate change.
D. are even more regressive.
Answer: D
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A few economies have the interesting characteristic that exports are more than 100 percent of the economy's GDP. How is this possible?
What will be an ideal response?
To save on negotiation costs when buying a car
a. Always go towards the end of the day, when the seller does not get a chance to make a counteroffer b. Threaten to leave if the car dealer says anything but yes to your offer c. Carry only one cashier's check that cannot be modified d. All of the above
What does GDP measure to avoid double-counting?
a. final goods and services b. intermediate goods and services c. net exports d. all sales of goods and services
An increase in the demand for houses
a. increases the equilibrium wage of carpenters and increases the value of carpenters' marginal product of labor. b. increases the equilibrium wage of carpenters and decreases the value of carpenters' marginal product of labor. c. decreases the equilibrium wage of carpenters and increases the value of carpenters' marginal product of labor. d. decreases the equilibrium wage of carpenters and decreases the value of carpenters' marginal product of labor.