What is a Pigouvian tax?
What will be an ideal response?
A Pigouvian tax, or a corrective tax, is a tax designed to induce producers of a negative externality to reduce production to the socially optimal level.
Economics
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Which of the following are not included in GDP? a. Transfer payments
b. Imports c. Intermediate goods. d. All of the above are excluded from GDP.
Economics
Suppose the manager of a restaurant notices that when she has too many waiters on the floor for a shift that the waiters get in each other's way and fewer dinners are served. This is an example of
A) diminishing marginal product. B) diminishing marginal utility. C) diminishing marginal workforce. D) diminishing marginal inputs.
Economics