Which of the following is not an example of a group responding to an incentive?
a. Students attend class because of an attendance policy that reduces their grade for absences.
b. Consumers buy more of a product when it is on sale at a reduced price.
c. Universities offer fewer online classes when they generate more revenue than traditional classes.
d. Employees work harder to earn higher commissions.
c
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A Gini of 0 implies that:
a. every family has an equal amount of income. b. the top 10% of the families appropriate almost 100% of the total income. c. the bottom 90% of the families have only 10% of the total income. d. the bottom 20% of the families have 80% of the total income. e. only 1 family appropriates the entire national income.
What are the advantages of a tax system for pollution control?
Recall the Application about reducing pollution generated from international shipping to answer the following question(s).Recall the Application. Of the following CO2 reduction methods for international shipping, which has the lowest marginal abatement cost (MAC)?
A. weather-sensitive routing B. switching from diesel to gas-powered engines C. reducing speed and increasing fleet size D. installing fixed sails and wings
The closer the economy is to full employment, the larger the multiplier is.
Answer the following statement true (T) or false (F)