Most excise taxes are
A. progressive.
B. proportional.
C. regressive.
C. regressive.
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Two cities face identical prices for their housing. City A decided to be a pollution free city "Clean town" and all the factories would locate in city B "Smogville", in equilibrium, we expect to see
a. a compensating differential between the prices of housing between the two cities b. the prices of housing in both the cities to be identical c. The prices of housing in B to be higher d. All of the above
In the view of the classical school, unemployment:
a. is a permanent condition. b. disappears when everyone who is willing to work at the equilibrium wage finds employment. c. exists because people do not interfere with the competitive process. d. is only temporary because all wages and prices are rigid. e. is necessary and good for the economy.
What are the arguments for and against federal government grants to states?
Which of the following is correct?
a. The word economy comes from the Greek word for "rational thinker.". b. Economists study the management of scarce resources. c. Because economists believe that people pursue their best interests, they are not interested in how people interact. d. All of the above are correct.