The statement that the U.S. government should increase carbon taxes to reduce carbon emissions that cause global warming is? ___________.
A. a positive? statement, since most studies have found that global warming does exist and most economists do believe that carbon taxes are an effective way to control emissions.
B. neither a positive nor a normative? statement, since it discusses the broad topic of global warming instead of a specific issue within the country.
C. a normative? statement, since it is an incorrect statement. Most economists believe that carbon taxes should be lowered to control emissions.
D. a normative? statement, since it describes what ought to be done and is therefore not possible to confirm with data.
D. a normative? statement, since it describes what ought to be done and is therefore not possible to confirm with data.
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The labor demand curve slopes downward because
A) the firm maximizes profits by hiring more labor when the real wage rate rises. B) workers supply more hours of work when the real wage rate rises. C) the firm maximizes profits by hiring more labor when the real wage rate falls. D) workers supply fewer hours of work when the real wage rate rises.
What is the distinction between external and internal economies and diseconomies of scale in an industry?
What will be an ideal response?
Refer to the above payoff matrix (in years of sentence) for two people (Bo and Max) charged for robbery. Which of the following is the outcome of the dominant strategy without cooperation?
A) Both Bo and Max confess. B) Both Bo and Max do not confess. C) Bo confesses while Max does not confess. D) Bo does not confess while Max confesses.
Which of the following is NOT a necessary condition for a firm to price discriminate?
A) The firm must be able to separate markets. B) Buyers in different markets must have different elasticities of demand. C) Resale of the product must be preventable. D) The firm must be a price-taker.