One World View article is titled "Top Tax Rates." The lowest marginal tax rates in the world in 2015 were in

For a common resource, the marginal private benefit of the resource is greater than the marginal social benefit

Indicate whether the statement is true or false

Erin and Deidre, two residents in Ithaca, New York, are planning a trip to Boston. Erin, the sales manager for a large retailer, has to attend a business meeting

Deidre, a college student on vacation, is planning a leisurely trip to visit friends and relatives. Whose demand curve for air travel is likely to be more elastic? A) Deidre B) Erin C) There is no difference in their price elasticities of demand. D) The elasticity of the demand curves for Erin and Deidre cannot be determined without more information.