An increase in the excise tax imposed upon consumers of gasoline
A. increases the supply of gasoline.
B. decreases the demand for gasoline.
C. increases the demand for gasoline.
D. lowers the market price of gasoline.
Answer: B
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Since 1960, the labor force participation rate in the United States has
A) increased for men and women. B) decreased for men and women. C) increased for men and decreased for women. D) increased for women and decreased for men. E) increased for women and not changed for men.
In the reservoir analogy of stock and flow for the economy:
A. Gross investment is an outflow and depreciation is an inflow B. The stock of capital is an outflow and depreciation is an inflow C. Net investment is an inflow and the stock of capital is an outflow D. Gross investment is an inflow and depreciation is an outflow