A business manager who observes that prices in general keep rising might infer, correctly, that now is a good time to ________
A) invest to expand the business
B) raise the price of her product
C) expect an increase in business profits
D) expect a higher return on personal savings
E) all of the above
B
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A tax of $5 per airplane ticket is _____
a. a unit tax b. an ad valorem tax c. an income tax d. a value-added tax
The first difference of the logarithm of Yt equals
A) the first difference of Y. B) the difference between the lead and the lag of Y. C) the approximately the growth rate of Y when the growth rate is small. D) the growth rate of Y exactly.
An expectation of a price increase in the future would cause consumers to______ and producers to_____
a. Delay consumption; delay production b. Delay production; accelerate production c. Accelerate consumption; delay production d. Accelerate consumption; accelerate production
Assume that each day ten thousand children watch Sesame Street on public television and that watching Sesame Street generates a benefit of $100 per child per year. Once a year, public television hold a pledge drive asking viewers to make voluntary contributions in order to keep the programming available to everyone. If public television stations collect less than $100 per child during the pledge drive, then this is evidence:
A. that parents do not care about their children. B. that head taxes are regressive. C. that the government should not subsidize public television. D. of the free-rider problem.