An emissions fee is preferable to a cap-and-trade when MSB are elastic and costs are uncertain.
A. True
B. False
C. Uncertain
A. True
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Inflation tends to redistribute real income from lenders to borrowers
a. True b. False Indicate whether the statement is true or false
If the price elasticity of supply for a good is equal to infinity, then the
a. supply curve is vertical. b. supply curve is horizontal. c. supply curve also has a slope equal to infinity. d. quantity supplied is constant regardless of the price.
Movie theaters charge lower prices to see a movie in the afternoon than in the evening because there is an:
A. Inelastic supply of movies in the evening B. Elastic demand to see movies in the evening C. Elastic demand to see movies in the afternoon D. Inelastic demand to see movies in the afternoon
To economists, scarcity means that
A) the number of people without jobs rises when economic times are bad. B) unlimited wants cannot be satisfied by the limited resources. C) limited wants cannot be satisfied by the unlimited resources. D) there can never be answers to the what, how or for whom questions. E) a person looking for work is not able to find work.