A corrective tax
a. can be used to internalize a negative externality.
b. imposed on sellers shifts the supply curve to the left.
c. imposed on buyers shifts the demand curve to the left.
d. All of the above are correct.
d
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The price of jet fuel falls. This fall shifts the
A) demand curve for airplane trips rightward. B) demand curve for airplane trips leftward. C) supply curve of airplane trips rightward. D) supply curve of airplane trips leftward.
Which of the following is an example of someone with inflationary expectations taking a step designed to insulate themselves from the higher expected rates of inflation?
a. a consumer deciding to delay the purchase of a new home or automobile b. a consumer who borrows money at a fixed interest rate in order to purchase a new home or automobile c. an investor who borrows funds at an adjustable money interest rate (one that automatically increases with higher inflation) d. a home buyer who borrows funds at a variable interest rate