A pollution tax:
a. increases the price of the good taxed
b. decreases the price of the good taxed.
c. increases the production of the good taxed.
d. increases the quantity of the taxed good demanded.
a
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Economists often refer to the government revenue obtained from money creation as:
A) liquid revenue. B) windfall revenue. C) an inflation tax. D) a supplementary tax.
Which of the following increases aggregate demand and shifts the AD curve rightward?
A) a fall in the price level B) an increase in the quantity of money and a resulting fall in the interest rate C) predictions of a recession that lead to expectations of lower future income D) an increase in the exchange rate that makes imports less expensive
The present value of $100 to be received in the year 2014 is
A) less than the present value of $100 to be received in 2015. B) greater than the present value of $100 to be received in 2015. C) the same as the present value of $100 to be received in 2015. D) greater than the present value of $100 to be received in 2015 if the interest rate in 2015 exceeds the interest rate in 2014; otherwise, it is less.
According to the late Julian Simon
A) legal immigrants have a favorable impact on the welfare of American citizens, but illegal immigrants have a negative impact. However, the positive effect of the legal immigrants is stronger than the negative impact of the illegal immigrants. B) legal immigrants have a favorable impact on the welfare of American citizens, but illegal immigrants have a negative impact that almost exactly offsets the positive effect of the legal immigrants. C) legal and illegal immigrants have a positive effect on the welfare of American citizens. D) legal and illegal immigrants have a negative effect on the welfare of American citizens.