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Achieving lower pollution Suppose the government decides to raise the gasoline tax as a way to reduce air pollution and traffic congestion to their optimal levels.
Which of the following describes why corrective taxes, such as the gasoline tax, are unlike most other taxes?
A. Other taxes are typically used to cover general spending, but funds from corrective taxes can be used only to alleviate pollution.
B. Corrective taxes alter incentives, whereas other taxes typically do not.
C. Other taxes get passed on from businesses to consumers, whereas corrective taxes do not.
D. Corrective taxes bring the allocation of resources closer to the social optimum and, thus, improve economic efficiency.
Your company manufactures controllers used in the production of commercial air conditioning units. Your current price is $50 per controller. At that price the total quantity demanded is 4,000 spread over a large number of small customers. Would you r..
Some argue that the government doesn't need affirmative action programs or other anti-discrimination policies because the profit motive provides sufficient motivation to eliminate discrimination in employment. Explain why this might NOT happen i.e. w..
By using an AD-AS model (Keynesian), what are the effects of a recession (which was caused by a decrease in aggregate demand). Assume economy started at general equilibrium. Label your graph. What two options would you have as the chairman of the Fed..
Balancing the confidentiality of individual health information with the need to protect public health, the HIPAA Privacy Rule expressly permits certain disclosures of protected health information (PHI) to public health authorities without an individu..
A permanent endowment at Wartburg College is to award scholarships to engineering science students twice per year. The first awards are to be made beginning 11.5 years after a $2.2 million lump sum donation is made.
Quick Profit sells box juice for $10.50 and has an inverse demand function of: P = 80 - 0.2Q. At the present price Quick Profit is unable to satisfy demand. The owner, Mr. Deal, wants to increase the price by 60%. Do you agree? Explain!
Which of the following is not a concern about nudge policies?
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explain how much the annual U.S. GDP and GNP in 2010 changed due to her job relocation.
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The Snow City Ski Resort caters to both out-of-town skiers and local skiers. The demand for ski tickets of out-of-town skiers is given by Qo = 600 - 10 Po, while the demand for ski tickets of local skiers is given by Ql = 400 - 20 Pl . The marginal c..
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