Which of the following events will increase the quantity demanded of bottled water?
A) a fall in the price of bottled water
B) a rise in the price of bottled water
C) a rise in the price of a fitness club membership
D) a fall in the price of soda
E) an increase in the number of buyers of bottled water
A
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Taxing some citizens to provide welfare grants to other citizens has been called by some "coercive charity." The economist's case for "coercive charity" assumes
A) it is efficient to transfer a dollar from a wealthy person to someone with little income. B) morality cannot be legislated. C) people are basically selfish. D) people who genuinely want the poor to be helped often do not provide any help. E) redistributing income promotes more rapid economic growth.
When the U.S. government buys aircraft from BAe, a British corporation, it pays for them using
A) euros. B) pounds. C) dollars. D) foreign exchange rates.