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1. Eating fresh fruits and vegetables is an example of a ... [a] demerit good or activity. [b] public good. [c]merit good or activity. [d] good or activity that involves a negative and positive externality.
2. National defence is an example of a . [a] demerit good or activity. [b] public good. [c]merit good or activity. [d] good or activity that involves a negative and positive externality.
3. Using illegal drugs is an example of a .[a] demerit good or activity. [b] public good. [c]merit good or activity. [d] good or activity that involves a negative and positive externality.
4. Influenza vaccination is an example of a....
a] demerit good or activity. [b] public good. [c]merit good or acitvity. [d] good or activity that involves a negative and positive externality.
Why are local tax bases more elastic than national tax bases? Give an example, and explain other possibilities that may make the tax base more elastic.
The Euro zone fell into deflation in October (see Chart): prices fell by 0,2 % . Italy has experienced deflation for a few months. Unemployment in Italy is over 13% with youth unemployment 43.9% Contractionary policies in Italy have led to a fall in ..
A new firm successfully enters a three-firm Cournot oligopoly without changing the demand and cost structures. The new price becomes:
Describe the externality that arises from plastic bags. Draw a graph to illustrate how plastic bags create deadweight loss. With 70 percent of all plastic bags coming from grocery, drug and convenience stores, inJuly 2008, Seattle imposed a tax of 2..
Two persons, Abigail and Noah, each allocate their time between market work and housework. Abigail earns $12 per hour in the labor market, and can produce $18 worth of goods and services per hour at home. Draw their separate production possibilities ..
Which of the following best describes the real balances effect? As the price level rises, the real value of dollar-denominated assets:
Analyze the economic impact of major social problems and issues such as poverty, discrimination, crime, income distribution, the role of government, and other major issues.
A firm is considering whether the following project should be undertaken if its life is 10 years and it has no salvage value. The firm uses an interest rate of 10% to evaluate engineering projects. The Net Revenue below is dollars per year for the li..
The following table shows the prices and quantities consumed in the country known as the United States. Suppose the base year is 1996. The fixed basket is determined by 1996 quantities. 1996 is also the base year. What are the costs of the basket in ..
Explain why physician groups and health service workers’ unions prefer stricter licensure requirements rather than cost control efforts from legislators. What are the most difficult aspects of the Coase Theorem in solving a problem like spread of a d..
Why, according to Keynes, is an economy in recession and why can such a recession be prolonged? Illustrate and discuss
Elucidate what is the effect of such tax on economic efficiency also the effect on economic equity. Do you think this was a popular tax.
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