In principle, taxes and cap-and-trade plans will have exactly the same effects
Indicate whether the statement is true or false
F Taxes begin with attention to price, and cap-and-trade plans begin with quantities, but beyond that they can have different income distribution effects, which is why "grandfathered" sources of pollution would accept cap-and-trade when they would not accept taxes.
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If workers are homogeneous and face a monopsonist,
A) they are likely to want to form a union. B) they are likely to want to negotiate one-on-one with their employer. C) it is likely that half will want to form a union, half will not. D) they are likely to move to another town.
When the interest rate falls,
a. the opportunity cost of holding money rises. b. people shift out of holding interest-yielding bonds into holding money. c. the quantity of money people will hold decreases. d. investment spending decreases. e. real GDP will decrease.
An increase in the amount of currency held by the public will raise the value of the deposit expansion multiplier
a. True b. False Indicate whether the statement is true or false
A change in consumer taste will prompt a change in _____.
Fill in the blank(s) with the appropriate word(s).