If Uber is required to start paying the value-added tax (VAT) in Great Britain, this will have the potential to raise the equilibrium price in this market and, therefore, decrease efficiency. This would have a tendency to
A) decrease producer surplus and decrease deadweight loss.
B) decrease consumer surplus and increase deadweight loss.
C) increase consumer surplus and increase producer surplus.
D) maximize consumer surplus and minimize producer surplus.
Answer: B
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If Stock A sometimes increases and sometimes decreases in value when Stock B increases in value at the same time, they are
A) negatively correlated. B) uncorrelated. C) positively correlated. D) random bets.
Which of the following lists gives world exports in the order of their value, from highest to lowest?
a. Aircraft, motor vehicle parts, crude petroleum b. Aircraft, crude petroleum, motor vehicle parts c. Crude petroleum, office and telecom equipments, automotive parts d. Motor vehicle parts, aircraft, crude petroleum e. Motor vehicle parts, crude petroleum, aircraft
Why did farmers in the late 1800s dislike deflation?
Which of the following would most likely NOT be taught in a macroeconomics course?
A) price changes in the world's oil markets B) factors leading to different economic growth rates among countries C) government actions in response to a slowdown in the economy D) the relationship between the inflation rate and the unemployment rate