A Pigovian tax is a tax:
A. that increases total surplus in a market.
B. meant to counter the effect of a negative externality.
C. that increases efficiency in a market.
D. All of these statements are true.
Answer: D
Economics
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Which of the following is likely to happen when the interest rate falls?
A) The volume of economic activity will reduce. B) The labor demand curve will shift to the left. C) Equilibrium wage rate will fall. D) The labor demand curve will shift to the right.
Economics
If one nation's currency strengthens against a foreign currency, the other nation's currency must against the domestic currency.
a. strengthen b. equalize c. weaken d. appreciate
Economics