Which of the following would be primarily determined in factor markets?
a. The number of computers produced
b. The wage rates for high school teachers.
c. The price of automobiles.
d. Sales tax revenues.
b
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A positive, pure income effect can be obtained by
A) increasing the real wage. B) increasing the tax. C) increasing the dividend. D) decreasing leisure.
An example of a Pigovian tax would be a tax on:
A. cigarettes. B. alcohol. C. gasoline. D. All of these are examples.
The central idea of supply-side tax cuts is that certain types of tax cuts will increase
a. aggregate demand. b. aggregate supply. c. the supply of imports. d. the supply of money.
Refer to the given table.Price Per UnitColumn A Units Per YearColumn B Units Per Year$4011040$459550$508060$556570$605080 Suppose the columns in this table reflect demand and supply. If the current market price is $50, then you would expect:
A. demand to decrease and supply to decrease. B. supply to decrease. C. the market price to fall. D. the market price to rise.