In 2001, the percent of total employment in the manufacturing, mining, and construction sector equaled

During the Obama administration, the development of low-cost batteries for electric cars received large amounts of federal funding in terms of subsidies. Meanwhile, American households gave a higher priority towards minimizing their environmental impact. Consider the market for zero-emissions electric vehicles where there is an upward-sloping supply curve and a downward-sloping demand curve. What will happen to the equilibrium price?

A. Price increases. B. Price decreases. C. Change is ambiguous. D. Price remains constant.

Due to Pigou’s “defective telescopic faculty,” a market economy is inefficient in allocating resources between the present and the future.

Answer the following statement true (T) or false (F)