Mankiw argues that a primary difference between taxing products like gasoline and taxing soda and other sugary drinks is that
a. consumption of gasoline causes negative externalities on society while consumption of soda affects the consumer.
b. the government can generate significant revenue from the gas tax but not from a soda tax.
c. gasoline has inelastic demand but soda has elastic demand.
d. Both a and c are correct.
a
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The present value of $1 million to be received 10 years from now will
a. decrease if the interest rate rises. b. be greater if the funds were going to be received 15 years from now. c. be greater than $1 million. d. increase if the interest rate were to rise from 4 percent to 8 percent.
In the early 19th century, the main lobbyists behind passage of the Factory Acts were the women and children who were being exploited
Indicate whether the statement is true or false