Which of the following will increase the demand for motorcycles?
a. A fall in the price of motorcycles.
b. A fall in insurance rates for motorcycles.
c. A fall in the price of automobiles.
d. A fall in buyers' incomes (assuming motorcycles are a normal good).
e. A fall in consumer preference for motorcycles.
b
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A steelmaking plant pollutes the air and water so __________
A. the marginal social cost of producing steel exceeds the marginal private cost by the amount of the marginal external cost B. the marginal social cost of producing steel is less than the marginal private cost by the amount of the marginal external cost C. the marginal private cost of producing steel equals the marginal ex-ternal cost plus the marginal social cost D. the marginal private cost of producing steel minus the marginal social cost equals the marginal external cost
A tax that that takes the same percentage of a taxpayer's income regardless no matter what their total income is called a _____
a. proportional tax b. progressive tax c. head tax d. regressive tax