Which of the following is least likely to reduce poverty?
A. Receiving aid from private charities or NGOs.
B. Receiving foreign aid from rich donor countries.
C. Redirecting resources within the poor nation away from the military.
D. Raising taxes within the poor nation.
Answer: D
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Would Tom install the safety equipment?
a. Yes because it costs him less than it is worth b. Yes because it costs him more than it is worth c. No because it costs him more than it is worth d. No because it costs him less than it is worth
The external marginal cost of producing coal is MCexternal = 8Q while the internal marginal cost is MC internal = 6Q. The inverse demand for coal is given by P = 180 ? 4Q. What is the socially efficient level of output?
A. 15 B. 20 C. 18 D. 10
In the above figure, a sales tax of $1 per unit imposed on sellers ________ the price buyers pay and ________ the price that suppliers keep for themselves
A) affects; does not affect B) does not affect; affects C) does not affect; does not affect D) affects; affects
Economics is the study of choice under conditions of
a. demand b. supply c. scarcity d. opportunity e. abundance