Road pricing will improve the allocation of resources to transportation
Indicate whether the statement is true or false
T Travelers on roads do not pay the marginal social costs of their travel, and road pricing can correct the resulting faulty pricing.
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A rise in the tax rate on businesses leads to ________
A) a decline the desired level of capital and an increase in investment B) a decline in the desired level of capital and a decrease in investment C) an increase in the desired level of capital and a decrease in investment D) an increase in the desired level of capital and an increase in investment
If demand is perfectly inelastic, then the demand curve will be vertical
a. True b. False Indicate whether the statement is true or false
As price rises, quantity demanded ___________.
Fill in the blank(s) with the appropriate word(s).
List and describe the three functions of money