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Technology is now being developed so that road use can be priced by computer. A computer in the surface of the road picks up a signal from your car and automatically charges you for the use of the road. How would this affect bottlenecks and rush-hour congestion?
A) It would increase bottlenecks but decrease rush-hour congestion.
B) It would decrease bottlenecks and rush-hour congestion.
C) It would decrease bottlenecks but increase rush-hour congestion.
D) It would increase bottlenecks and rush-hour congestion.
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According to whose model does expected inflation tend to move with the return on money?
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calculate the standard deviation of the distribution of each investment. Which of the two investments is more risky?
Adam Smith rejected utility as a foundation for value. He illustrates this rejection in his famous diamonds and water paradox. Briefly explain how the cognitive switch from total utility to marginal utility resolves this paradox.
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Do opportunity cost play a role in people's decision to specialize in certain activities. What describe the price at which trade takes place.
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