All of the following are private costs of operating an automobile EXCEPT
A) gasoline for the car.
B) depreciation of the vehicle.
C) car insurance.
D) harm to the environment from emissions.
Answer: D
Economics
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Suppose the price elasticity of demand for Mexican food is 1.23 and the price elasticity of supply is 0.47. If the government imposes a tax on Mexican food, do buyers or sellers pay most of the tax? Why?
What will be an ideal response?
Economics
A decrease in expected inflation will
A) increase the natural rate of unemployment. B) shift the short-run Phillips curve to the left. C) shift the long-run Phillips curve to the left. D) reduce real wages.
Economics