Tariffs are more desirable than quotas if a government wants to increase revenues and reduce benefits to inefficient exporters
a. True
b. False
Indicate whether the statement is true or false
True
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To achieve the efficient amount of use of a common resource, the use should be such that ________ equals ________
A) marginal social cost; marginal private cost B) marginal social cost; marginal social benefit C) marginal social benefit; marginal private cost D) marginal private cost; marginal private benefit
Refer to Figure 16-2. In the graph above, if the economy is at point A, an appropriate fiscal policy by Congress and the president would be to
A) execute an open market sale of government securities. B) increase marginal income tax rates. C) increase government transfer payments. D) lower the discount rate of interest.
Many manufacturers sell products labeled as having imperfections at a discount at their factory outlets but do not ship these imperfect goods to regular retail outlets. Why?
What will be an ideal response?
Self-indulgence and non-deferred gratification have convinced some that poor lack the desire and motivation to escape poverty
Indicate whether the statement is true or false