A tax on primary resource use would
a. Increase recycling rates and raise the costs of some products
b. Increase recycling rates and not affect product costs
c. Decrease recycling rates and raise the cost of some products
d. Decrease recycling rates and not affect product costs
e. Decrease recycling rates but the effect on prices is unknown
Ans: a. Increase recycling rates and raise the costs of some products
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A higher rate of investment now will generate:
A. More saving now B. More current consumption C. More future production D. More future inflation
If the demand decreases in a perfectly competitive market, firms will likely:
A. exit the market in hopes of capturing profits elsewhere. B. experience negative profits in the short run. C. experience zero profits in the long run. D. All of these are true.