Governments may choose to intervene in a market in an attempt to:
A. discourage the consumption of certain goods.
B. encourage the consumption of certain goods.
C. redistribute surplus.
D. All of these are true.
Answer: D
Economics
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An example of a tariff is a:
A) limit on the total number of Honda automobiles imported from Japan. B) regulation specifying that each imported Honda automobile must meet certain emission exhaust guidelines. C) tax of $500 on each Honda automobile produced in the United States. D) tax of 10 percent of the value of each Honda automobile imported from Japan.
Economics
Fluctuations in total output are the reverse image of fluctuations in
A) the inflation rate. B) the unemployment rate. C) gross domestic product. D) the GDP deflator.
Economics