The figure above shows the market for the chemical hydrogen sulfide, the production of which creates an external cost. The government imposes the pollution tax shown in the above figure. What quantity is produced after the pollution tax is imposed?
A) zero pounds
B) 80 million pounds
C) 160 million pounds
D) more than 160 million pounds
E) more than 80 million pounds and less than 160 million pounds
B
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What impact do you think that the movement of women from working in the household to working in the market has had on GDP? Why? Do you think that this points to a problem with GDP?
What will be an ideal response?
If a monopolist's demand curve shifts to the left such that it becomes tangent to the ATC curve at the output for which marginal revenue equals marginal cost, the monopolist will make only a normal profit
a. True b. False Indicate whether the statement is true or false
Which of the following statements about the FDIC is untrue?
a. It sets the legal reserve requirement. b. It conducts bank audits and examinations. c. It provides demand deposit insurance for participating banks. d. It helps prevent bank failures. e. It is a government agency.
Which of the following might be said by a supporter of advertising?
a. “Advertisers assume people make rational choices.” b. “Advertisers focus on what producers need to sell.” c. “Advertisers often provide misleading information about products.” d. “Advertisers camouflage the differences between products.”