Command-and-control policies are desirable because their tough pollution reduction targets force firms to develop new technologies to survive.
Answer the following statement true (T) or false (F)
False
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For each of the following changes, identify whether there will be a shift in the IS curve or a movement along the IS curve. In each case identify the direction of the movement or shift
a. The real interest rate decreases. b. The government decreases tax rates. c. Government spending decreases. d. Investors become optimistic about future profitability.
If Congress voted to eliminate the minimum wage, which of the following would most likely occur?
a. Decrease in unit costs and an upward shift of the aggregate supply curve b. Decrease in unit costs and an upward movement along the aggregate supply curve c. Decrease in unit costs and a downward shift of the aggregate supply curve d. Increase in unit costs and an upward shift of the aggregate supply curve e. Increase in unit costs and an upward movement along the aggregate supply curve
Other things constant, which of the following is likely to change the quantity of wheat supplied?
A) a government subsidy for farmers who do not grow wheat B) an increase in the price of soybeans C) a decrease in the price of the fertilizer used in wheat production D) a fall in the price of wheat E) an expectation of a future increase in wheat prices
The notion that equally situated individuals should be taxed equally is referred to as
a. horizontal equity. b. vertical equity. c. the benefits principle. d. the Gini principle.