Corrective taxes are often difficult to implement because _____
a. those affected by the externality are often loathe to use political means to implement the tax
b. those creating the externality threaten to shut down
c. those who suffer from the externality refuse to talk about it
d. the creator of an externality will use political means to try to prevent the tax
d
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Compared to their percentage shares in 1968, over the next 40 years, the percentage shares of each of the lowest four quintiles
A. rose substantially. B. rose somewhat. C. stayed about the same. D. declined.
The interest rate effect helps to explain why:
A. an increase in the price level raises investment. B. a decrease in the price level reduces investment. C. an increase in the price level reduces the quantity of aggregate demand. D. a decrease in the price level reduces the quantity of aggregate demand.