To increase U.S. energy independence, prices must be lowered on gasoline and electricity.
Answer the following statement true (T) or false (F)
False
Higher gasoline and electricity prices would give consumers and businesses incentives to be more efficient in their energy usage, and thus would reduce U.S. dependence on foreign oil.
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At one time, most compact trucks (like the Toyota Tacoma) were imported under the classification "cab and chassis with some final assembly needed." These were classified as ___________ with a tariff of ______.
a. complete or unfinished trucks; 4% b. complete or unfinished trucks; 25% c. parts of trucks; 25% d. parts of trucks; 4%
If airfares to Europe were to increase, other things equal, an economist would predict that: a. most people will not change their travel and vacation plans
b. more individuals will choose to fly to Europe because now it is a more valuable experience. c. some individuals will substitute toward other travel destinations. d. airlines will make significantly greater profits.