The tax on gasoline
a. reduces efficiency by causing large deadweight losses.
b. reduces efficiency by decreasing consumer surplus and producer surplus.
c. enhances efficiency by serving as a corrective device in a market with positive externalities.
d. enhances efficiency by serving as a corrective device in a market with negative externalities.
d
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Which of the following is not a not-for-profit institution?
a. Columbia Broadcasting System (CBS) b. American Red Cross c. Salvation Army d. a public library e. a typical college or university
Social Security was established
a. in the 1930s to provide retirement income to those with a work history b. in the 1930s to provide jobs for the unemployed c. in the 1930s to provide health insurance d. in the 1960s to provide retirement income to those with a work history e. in the 1960s to provide health insurance