It is common knowledge that many U.S. national parks have become overused. One possible solution to this problem is to
a. increase entrance fees.
b. increase advertising for the national parks.
c. reduce the national park service budget.
d. subsidize park admissions.
e. all of these are possible solutions.
a. increase entrance fees.
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Two explanations for increasing wage inequality are ________ and ________.
A. increased labor supply; a slowdown in productivity growth B. technological progress; a modernized capital stock C. increased worker mobility; transition aid D. globalization; skill-biased technological change
Part of the surplus lost to market participants when a tax is imposed is:
A. transferred to others who are affected. B. transferred to the government in revenues. C. redistributed from seller to buyer. D. redistributed from buyer to seller.
Who would benefit if the exchange rate with yen (in U.S. dollars) increased?
a. c and e. b. Japanese tourists. c. U.S. consumers. d. U.S. exporters. e. Japanese exporters.
Which one of the following could not have helped contribute to the recession of 1990– 1991?
a. less spending by state and local governments b. lower military spending by the federal government c. high levels of consumer debt d. lower tax rates e. expectations by consumers that the economy was in a downturn