Which of the following is a negative externality connected to attending college?
A) The fact that completion of a college degree acts as a signaling mechanism to employers.
B) The fact that other costs, such as books and materials, are incurred in addition to tuition and fees.
C) The fact that your college has required that all individuals living in student housing either get or show they have already obtained vaccinations against all communicable diseases.
D) The fact that the people in the next room play loud music at hours you want to sleep.
E) The fact that you will get benefits from college that you don't currently anticipate.
D
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The cost to firms of changing prices
A) is small even when there is rapid inflation. B) is called a menu cost. C) does not exist if inflation is perfectly anticipated. D) all of the above
If a person is taxed $100 on an income of $1,000, taxed $200 on an income of $2,000, and taxed $300 on an income of $3,000, this person is paying a(n):
A. progressive tax. B. proportional tax. C. regressive tax. D. excise tax.