If a corrective tax on gasoline results in the efficient output of gasoline by internalizing negative externalities associated with pollution:
A. pollution from gasoline will increase because people are also harmed by the tax.
B. pollution from gasoline will be zero because environmental cleanliness is priceless.
C. there will be no effect on pollution from gasoline because the tax is paid by the supplier.
D. the tax will generate enough revenue to compensate society for the damages resulting from the pollution that still occurs.
Answer: D
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Which of the following would you expect to decrease both interest rates and exchange rates? (Assume exchange rates are stated in terms of foreign currency per domestic currency.)
A) contractionary monetary policy B) contractionary fiscal policy C) expansionary monetary policy D) Both B and C will decrease both interest rates and exchange rates.
While Africa has the largest numbers of working children, Asia has the highest proportion of working children, with an estimated one in four employed
Indicate whether the statement is true or false
Which of the following would be classified as a personal consumption expenditure?
a. All of the following. b. Your purchase of a newly constructed house c. Your purchase of a preowned house. d. Your purchase of one share of Microsoft stock. e. Your purchase of this economics course.
The removal of legal barriers alone may not be sufficient to eliminate the pay gap between whites and blacks because the increased competition may not be able to overcome
A. customer preferences that lead employers to discriminate. B. the wide gap in pay. C. employer preferences to discriminate. D. employer preferences to discriminate and customer preferences that lead employers to discriminate.