If a corporation were forced to absorb the cost of a spillover from the production of a good, this would likely cause the supply curve for the good to
A) shift out.
B) shift to the left.
C) shift to the right.
D) None of the above are correct.
B
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On December 17, 2010, President Obama extended income tax cuts initially enacted in 2001 and 2003 for two additional years
According to the permanent-income hypothesis, these tax cuts would represent ________ income and would have ________ on consumption. A) permanent; a significant impact B) permanent; very little impact C) transitory; a significant impact D) transitory; very little impact
The price elasticity of demand measures
A) the consumers' sensitivity to a price change. B) the producers' sensitivity to a price change. C) how much the market price changes in response to a change in demand. D) how much the demand changes in response to a change in income.
One way to make consumers take a negative externality into account in their demand decision is to:
A. give suppliers a production credit. B. subsidize the purchase of the item. C. place a tax on the item. D. None of these statements is true.
Instruments so widely accepted and purchased by others that they are very similar to cash are known as
a. liquid assets b. hard assets c. corporate assets d. marketable securities e. none of the above