A key factor that determines the geographic extent of a housing market is the distance that commuters are willing to travel from home to work. Which of the following events would NOT help to expand the geographic extent of the housing market in a metropolitan area?
A. Public transit fares decrease
B. Price of gasoline declines
C. State gasoline tax increases
D. none of the above
C. State gasoline tax increases
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The interest rate the Federal Reserve charges commercial banks to borrow reserves is called the ________ rate.
A. prime B. discount C. Fed funds D. Federal
The statement that the U.S. government should increase carbon taxes to reduce carbon emissions that cause global warming is? ___________.
A. a positive? statement, since most studies have found that global warming does exist and most economists do believe that carbon taxes are an effective way to control emissions. B. neither a positive nor a normative? statement, since it discusses the broad topic of global warming instead of a specific issue within the country. C. a normative? statement, since it is an incorrect statement. Most economists believe that carbon taxes should be lowered to control emissions. D. a normative? statement, since it describes what ought to be done and is therefore not possible to confirm with data.