Toll roads force people to pay to drive on that road. This is a solution to
A. externalities.
B. opportunity costs.
C. free riders.
D. negative incentives.
Answer: C
Economics
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The long-run Phillips curve corresponds to the vertical region of the long-run aggregate supply curve
a. True b. False Indicate whether the statement is true or false
Economics
Use the figure to calculate the income elasticity of demand when income increases from $25,000 to $30,000:
A. -1.10 B. 0.1818 C. 1.10 D. 0.20 E. -0.10
Economics