The double dividend of corrective taxes consists of ______.
a. eliminating regulations and boosting output
b. increasing production and lowering prices
c. taxing the harm and raising revenues
d. closing down firms and prosecuting polluters
c. taxing the harm and raising revenues
You might also like to view...
Suppose the inflation rate target is "0" and the long run federal funds target is also "0." If the inflation rate is 4% and the output gap is -2%, the federal funds rate set by the Taylor rule is ________
A) 8% B) 2% C) 5% D) 6%
Refer to Figure 9.2. A movement from point b to point d could be caused by a(n)
A) decrease in government spending. B) increase in the price of oil. C) decrease in taxes. D) increase in short-run aggregate supply.
Given that you observe nothing but the low price of the product, you are more likely to infer that
a. The product is high quality b. The product is the highest quality possible c. The product is low quality d. None of the above
Assume for the United States that the opportunity cost of each airplane is 50 cars. Which of these pairs of points could be on the United States' production possibilities frontier?
a. (200 airplanes, 5,000 cars) and (150 airplanes, 4,000 cars) b. (200 airplanes, 12,500 cars) and (150 airplanes, 15,000 cars) c. (300 airplanes, 15,000 cars) and (200 airplanes, 25,000 cars) d. (300 airplanes, 25,000 cars) and (200 airplanes, 40,000 cars)