Which of the following goods is least likely to be in a market basket?
A. Shuttle service
B. Airfare
C. Streetlamps
D. Coffee beans
C. Streetlamps
Economics
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Use the idea of interpersonal comparisons of utility to argue for a progressive income tax system where people in higher income brackets are charged higher tax rates on their extra income
Economics
When a country abandons a no-trade policy, adopts a free-trade policy, and becomes an importer of a particular good,
a. producer surplus increases and total surplus increases in the market for that good. b. producer surplus increases and total surplus decreases in the market for that good. c. producer surplus decreases and total surplus increases in the market for that good. d. producer surplus decreases and total surplus decreases in the market for that good.
Economics