If gasoline taxes were significantly increased in the United States, then
a. some of the government regulations that require automakers to produce more fuel-efficient cars would become unnecessary.
b. other taxes, such as income taxes, could be lowered.
c. it is likely that roads would become safer and the environment would become cleaner.
d. All of the above are correct.
d
Economics
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Suppose that a country has a comparative advantage in agricultural products. When trade occurs, the nominal and real prices of the agricultural good will:
a. both fall. b. both rise. c. both remain constant. d. The nominal price will fall and the real price will rise.
Economics
Fill in the blank: Firms under perfect competition would enjoy ________ market power
A) absolutely no B) some C) much D) total
Economics