Refer to Figure 5-13. The amount of the gasoline tax is ________ per gallon
A) $0.75 B) $1.25 C) $1.75 D) $2.00
D
You might also like to view...
A firm sells 300,00 . units per week. It charges $ 35 per unit, the average variable costs are $ 40, and the average costs are $ 55, the firm should
a. Shut-down as the firm is making a loss of $15 million per week b. Shut-down as the firm cannot cover the variable costs c. Both a and b d. None of the above
Some economists argue that the minimum wage:
A. drives some labor to occur "under the table." B. causes some employers to hire undocumented migrants driving up wages overall. C. leads some employers to pay workers cash and then report these payments to the government. D. All of these are true.
If the GDP deflator in 2009 was 150 and the GDP deflator in 2010 was 175, then the inflation rate in 2010 was 25%
a. True b. False Indicate whether the statement is true or false
As discussed in the Case in Point on the size of the fiscal multiplier, a study conducted by John Taylor on the effect of fiscal policy since the year 2000 suggests that
A) the multiplier effect of fiscal policy is much less than that for monetary policy. B) temporary fiscal policy financed through government borrowing implies a multiplier value between 0.8 and 1.5. C) fiscal policy has little effect on the economy and that the multiplier value is effectively zero. D) statistical models are inadequate to determine the multiplier and the multiplier value likely varies based on the state of the economy.