Key features of so-called "nudges" include the following, except:
A. They are subtle
B. They induce changes in behavior without bullying or coercion
C. They involve significant monetary incentives
D. They do not require stringent rules
C. They involve significant monetary incentives
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Which of the following describes the relationship between the change in inventories and aggregate expenditure?
a. Aggregate expenditure equals the change in inventories minus GDP. b. The change in inventories equals GDP divided by aggregate expenditures. c. Aggregate expenditures equals GDP divided by the change in inventories. d. Aggregate expenditures equals GDP minus the change in inventories. e. The change in inventories equals GDP multiplied by aggregate expenditure.
The efficient price of a license fee is determined by the difference between
a. Marginal revenue and marginal cost b. Average revenue and marginal cost c. Total revenue and total cost d. Average revenue and total cost e. Total revenue and marginal cost
If other factors remain unchanged, technological progress in producing good A definitely will lead to
A) an increase in the market clearing price of good A and a decrease in the equilibrium quantity of good A. B) an increase in both the market clearing price and the equilibrium quantity of good A. C) a decrease in the market clearing price of good A and an increase in the equilibrium quantity of good A. D) a decrease in both the market clearing price and the equilibrium quantity of good A.
Explain: “The land value tax is the economist’s ideal; it is neutral in its economic effects.”
What will be an ideal response?