Which of the following is a prominent solution to adverse selection in used-car markets?
A) An imposition of a tax on the sale of each unit in the used-car market
B) The imposition of a price ceiling in the used-car market
C) The imposition of a price floor in the used-car market
D) Third-party certification of used cars
D
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Available market incentives for clean fuel vehicles
a. include carbon allowances for purchasers of hybrid vehicles b. no longer exist in the United States c. are tax credits for purchasers of plug-in hybrids d are limited to international buyers of electric cars
The statistic most often used by economists to measure the value of economic activity is ________
A) GDP B) the CPI C) labor-force participation rate D) the nominal interest rate E) the real interest rate
Of the following examples, the sales for ______ will most likely be affected by the health of the economy.
a. drain cleaner b. towels c. dishwashing liquid d. popcorn
Which of the following will cause a reduction in the debt-to-GDP ratio?
A) an increase in the real interest rate B) an increase in the ratio of the primary deficit to GDP C) an increase in the growth rate of output D) all of the above