In order for a Pigovian tax to be effective, it must:
A. be imposed on the consumer.
B. be imposed on those affected by the externality.
C. be imposed on the producer.
D. None of these statements is true.
Answer: D
Economics
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The Phillips curve shifts because
A) fiscal policy changes over time. B) of total factor productivity shocks. C) of economic development. D) none of the above.
Economics
Which of the following statements about speculators is not true?
a. Speculators use the forward market extensively. b. Speculators provide the foreign exchange market with liquidity c. Speculators make foreign exchange markets more efficient. d. Speculators cannot be completely shut out of the forward market, although the forward market is not intended for speculators. e. Only major currencies have very liquid forward markets
Economics