The slope of a non-linear curve
A. must first increase then decrease.
B. is not constant.
C. is constant.
D. is always positive.
Answer: B
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When a surplus of rice occurs,
A) the price of rice rises. B) the price of rice falls. C) there is a balance between the forces of supply and demand. D) the quantity demanded is greater than quantity supplied at the current price. E) the demand curve shifts rightward and the supply curve shifts leftward to eliminate the surplus.
Explain how a pollution tax is different from a Pigouvian tax. Discuss how incentives for firms differ under the two types of taxes, and what would be required of the government if it were to structure a Pigouvian tax system to mimic the effects of a pollution tax.
What will be an ideal response?
The present value of $200 to be paid to you at the end of two years, if the market interest rate is 5 percent, is
a. $181.41 b. $190.00 c. $210.00 d. $225.78 e. cannot be determined from the information given
An example of an oligopoly is: a. the commercial airline industry. b. a stock market
c. the video rental industry. d. the market for eyeglasses.