In measuring income distribution, income and population are grouped by quintiles, each of which represents ______ percent of the income and population

The price of gasoline in Europe is about three times that in the United States, mainly because the European gas tax is higher than the U.S. gas tax

How would an increase in the gas tax in the United States to the European level change carbon emissions? Would this tax increase bring greater efficiency or would it increase deadweight loss?

One difference between a tariff and a quota is that the tariff brings in revenue to the government while the quota benefits the foreign producer who is lucky enough to receive an import license

a. True b. False Indicate whether the statement is true or false