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QUESTION 34 The price of a good is never affected by the number of buyers and...
2) The price of leisure A) is the same for everyone. C) is measured as foregone...
2) The price of leisure A) is the same for everyone. C) is measured as foregone earnings. D) is immeasurable. B) depends on the number of hours worked.
please answer these. Thank you. 29. When a tax is placed on the buyers of coffee,...
please answer these. Thank you.
29. When a tax is placed on the buyers of coffee, the buyers bear the entire burden of the tax b. sellers bear the entire burden of the tax burden of the tax will be always be equally divided between the buyers and the sellers d. burden of the tax will be shared by the buyers and the sellers, but the division of the burden is not always equal 30. the government wants to reduce...
QUESTION 10 Mosquito control is an example of a good that people get to enjoy without...
QUESTION 10 Mosquito control is an example of a good that people get to enjoy without paying for it: a nonrival good if used by one person cannot be used by another: a nonrival good O people get to enjoy without paying for it: a nonexcludable good Opeople must pay for to enjoy it: an excludable good QUESTION 11 Public roads get congested, suggesting that public roads are public goods rival O private goods O excludable QUESTION 12 To provide...
Question 18 (1 point) When a tax is placed on the sellers of a product, buyers...
Question 18 (1 point) When a tax is placed on the sellers of a product, buyers pay O a) less, and sellers receive less than they did before the tax. Ob) more, and sellers receive more than they did before the tax. Oc) less, and sellers receive more than they did before the tax. d) more, and sellers receive less than they did before the tax. Question 19 (1 point) If the price elasticity of demand for a good is...
number 23 QUESTION 22 If a good has a tax levied on it, sellers respond to...
number 23
QUESTION 22 If a good has a tax levied on it, sellers respond to the price that excludes the tax and not because demanders pay none of the tax. the quantity supplied of the good increases. the tax is handed over to the state directly by buyers. Sellers do not get to keep the tax revenue. the demand for the good has decreased. QUESTION 23 When a rent ceiling below the equilibrium rent is put in place, the...
Question 11 0.16 pts If the price and quantity for an inferior good, Good X, is...
Question 11 0.16 pts If the price and quantity for an inferior good, Good X, is $8 and 6 units at the original equilibrium, what is one possibility for the new equilibrium of Good X if we see income increase and all other factors stay constant? O $6 and 8 units O $10 and 8 units $6 and 4 units O $10 and 2 units O $10 and 4 units Question 12 0.16 pts According to the law of demand,...
Question 23 (1 point) Last month, sellers of good Y took in $150 and sold 50...
Question 23 (1 point) Last month, sellers of good Y took in $150 and sold 50 units of good Y. This month sellers of good Y raised their price, took in $160 and sold 40 units of good Y. At the same time, the price of good X stayed the same, but sales of good X increased from 20 units to 40 units. What can we conclude about goods X and Y? They are substitutes and have a cross-price elasticity...
QUESTION 31 Market: Automobiles Event: The Economist publishes an article stating that the price of automobiles...
QUESTION 31 Market: Automobiles Event: The Economist publishes an article stating that the price of automobiles will skyrocket in the coming months. Question: What is the determinant of Supply? a. None b. Price of goods made with same resources c. Technology d. Price of inputs e. Expectation of future price changes f. Number of sellers 3 points QUESTION 32 Market: Automobiles Event: The Economist publishes an article stating that the price of automobiles will skyrocket in the coming months....
QUESTION 13 The tragedy of the commons can o sometimes be averted in large groups of...
QUESTION 13 The tragedy of the commons can o sometimes be averted in large groups of unrelabed people sometimes be averted in smal groups of related people o never be averted only be averted by command and control QUESTION 14 The tragedy of the commons is more likely to apply to oil and gas products e forests and fah e chickens and cows o microchips and lapeeps QUESTION 15 For a given set of demand and supply curves, the horizontal...
QUESTION 10 The regulatory approach for global waming that is the most efficient is by: price....
QUESTION 10 The regulatory approach for global waming that is the most efficient is by: price. subsidies. quantity taxing profits. QUESTION 11 One implication of the Coase Theorem (per class discussion) market failure is the primary cause of most externalities. "everyone is guilty and that at least some of the "blame for any of externality falls on all of the parties. a Pigouvian tax is usually the best approach to force internalization of externalities. the party that causes the externality...
2) The price of leisure A) is the same for everyone. C) is measured as foregone earnings. D) is immeasurable. B) depends on the number of hours worked.
please answer these. Thank you.
29. When a tax is placed on the buyers of coffee, the buyers bear the entire burden of the tax b. sellers bear the entire burden of the tax burden of the tax will be always be equally divided between the buyers and the sellers d. burden of the tax will be shared by the buyers and the sellers, but the division of the burden is not always equal 30. the government wants to reduce...
QUESTION 10 Mosquito control is an example of a good that people get to enjoy without paying for it: a nonrival good if used by one person cannot be used by another: a nonrival good O people get to enjoy without paying for it: a nonexcludable good Opeople must pay for to enjoy it: an excludable good QUESTION 11 Public roads get congested, suggesting that public roads are public goods rival O private goods O excludable QUESTION 12 To provide...
Question 18 (1 point) When a tax is placed on the sellers of a product, buyers pay O a) less, and sellers receive less than they did before the tax. Ob) more, and sellers receive more than they did before the tax. Oc) less, and sellers receive more than they did before the tax. d) more, and sellers receive less than they did before the tax. Question 19 (1 point) If the price elasticity of demand for a good is...
number 23
QUESTION 22 If a good has a tax levied on it, sellers respond to the price that excludes the tax and not because demanders pay none of the tax. the quantity supplied of the good increases. the tax is handed over to the state directly by buyers. Sellers do not get to keep the tax revenue. the demand for the good has decreased. QUESTION 23 When a rent ceiling below the equilibrium rent is put in place, the...
Question 11 0.16 pts If the price and quantity for an inferior good, Good X, is $8 and 6 units at the original equilibrium, what is one possibility for the new equilibrium of Good X if we see income increase and all other factors stay constant? O $6 and 8 units O $10 and 8 units $6 and 4 units O $10 and 2 units O $10 and 4 units Question 12 0.16 pts According to the law of demand,...
Question 23 (1 point) Last month, sellers of good Y took in $150 and sold 50 units of good Y. This month sellers of good Y raised their price, took in $160 and sold 40 units of good Y. At the same time, the price of good X stayed the same, but sales of good X increased from 20 units to 40 units. What can we conclude about goods X and Y? They are substitutes and have a cross-price elasticity...
QUESTION 13 The tragedy of the commons can o sometimes be averted in large groups of unrelabed people sometimes be averted in smal groups of related people o never be averted only be averted by command and control QUESTION 14 The tragedy of the commons is more likely to apply to oil and gas products e forests and fah e chickens and cows o microchips and lapeeps QUESTION 15 For a given set of demand and supply curves, the horizontal...
QUESTION 10 The regulatory approach for global waming that is the most efficient is by: price. subsidies. quantity taxing profits. QUESTION 11 One implication of the Coase Theorem (per class discussion) market failure is the primary cause of most externalities. "everyone is guilty and that at least some of the "blame for any of externality falls on all of the parties. a Pigouvian tax is usually the best approach to force internalization of externalities. the party that causes the externality...
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