One economist says that raising taxes on gas would be in the social interest. What does this economist mean?
A) Higher taxes on gas would benefit society as a whole.
B) Raising taxes on gas would benefit most of the people.
C) Higher taxes on gas would benefit everyone.
D) Both answers A and C are correct.
A
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Factors that cause a decrease in the demand for credit at a given real interest rate cause:
A) the credit demand curve to shift to the right. B) an upward movement along the credit demand curve. C) the credit demand curve to shift to the left. D) a downward movement along the credit demand curve.
Refer to Table 4-5. The table above lists the highest prices five consumers are willing to pay for a concert ticket. If the price of one of the tickets is $36
A) Walter will receive $4 of consumer surplus from buying one ticket. B) Violet and Walter receive a total of $52 of consumer surplus from buying one ticket each. No one else will buy a ticket. C) Violet and Walter will each buy two tickets. D) Xavier, Yolanda, and Zachary will receive a total of $68 of consumer surplus since they will buy no tickets.