A social cost that is NOT fully paid by the individual using an automobile is
A. traffic congestion.
B. depreciation of the vehicle.
C. gasoline and oil.
D. insurance.
Answer: A
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According to this Application, if you earn a salary of $80,000 in the first year and all prices decrease by half in the next 5 years, what will your nominal annual salary be in 5 years?
A) $8,000 B) $10,000 C) $20,000 D) $40,000
When a system of pollution rights is in effect, polluters have no economic incentive to reduce the amount of pollution they generate
a. True b. False
Suppose you are analyzing data for an economy in which Ricardian neutrality holds true. What happens if the budget deficit increases by 50?
a. Investments will increase by 50. b. Investments will decrease by 50. c. Private savings will decrease by 50. d. Private savings will increase by 50.
The U.S. spends _____ percent of our GDP on health care, while Canada spends ______ percent of their GDP on health care.
Fill in the blank(s) with the appropriate word(s).