Electric car enthusiasts want to buy more electric cars at a lower price. All of the following events would have this effect except
A) technological advancement in the production of electric car batteries.
B) an increase in the number of manufacturers of electric cars.
C) a decrease in the price of lithium, which is used in the electric car batteries.
D) an increase in the price of gasoline.
Answer: D
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Social Security taxes are regressive because
A) they apply only to rich people. B) they are not applied to income beyond a certain amount. C) they are applied to welfare recipients. D) they are applied to retired people only.
The stock market crash of 1929 may have been avoided if:
A. large companies had been more objective in their decision making. B. investors had acted rationally. C. investors had acted irrationally. D. large companies had been more emotional in their decision making.