Variable tolls on roads
a. are politically unpopular because people do not like the idea of paying for a good that they used to consume without paying for it directly.
b. rise when traffic volume increases to ensure the speed on the road is kept high.
c. are an effective way of correcting the common resource problem on roads.
d. All of the above are correct.
d
Economics
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Employers verify the facts of potential employees' resumes to avoid
A) signaling. B) screening. C) cheap talk. D) moral hazard.
Economics
“Under competition, workers are paid what they are worth.” Explain and evaluate this statement. Does it follow that the resulting distribution of wage incomes is desirable?
What will be an ideal response?
Economics