If the price of Sea World tickets increased what might we expect to see happen to tickets for Disneyland?
A. Decreased supply of Disneyland tickets
B. Increased demand for Disneyland tickets
C. Decreased demand for Disneyland tickets
D. Increased supply of Disneyland tickets
Answer: B
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Based on the results of the checkerboard model, segregation in the United States appears to be the ________ outcome of a genuine collective action problem, where individuals, in pursuing their own interests, create an outcome that most people agree
is ________. A) avoidable; ideal B) avoidable; less than ideal C) unavoidable; ideal D) unavoidable; less than ideal
In the Keynesian model, a decrease in real autonomous spending results in a more than proportional decrease in real Gross Domestic Product (GDP) because
A) consumption decreases as a result of lower real disposable income. B) consumption increases while real disposable income decreases. C) real autonomous spending decreases further as real disposable income decreases. D) government spending also decreases.
The economic question of "what to produce" is often referred to as the distribution question
a. True b. False
Consider two people, Sandy Roos, who earns $25,000 . and Gary Behrman, who earns $50,000 . If the flat-tax rate is 20 percent, then
a. the government collects a total of $20,000 b. Gary pays twice the tax amount Sandy pays c. Gary pays three times the tax amount Sandy pays d. Gary and Sandy pay exactly the same tax amount e. Gary pays $15,000 in taxes