Which of the following is an example of an unintended consequence?
| a. |
first time tax credits that cause more home sales |
|
| b. |
a price ceiling on gasoline that causes a gas shortage and leads some gas stations to go out of business. |
|
| c. |
increased parking fines that lead to fewer violators |
|
| d. |
all of the above |
B is correct.
A price ceiling on gas is meant to benefit the welfare of the society but it negatively contributes to gas stations going out of business,which was not the intention of the policy.
Which of the following is an example of an unintended consequence? a. first time tax...
9) Which of the following was an effect of the price ceiling placed on gasoline in the U.S. in the 1970s? 9) _______ A) Car owners started buying luxury cars that were less fuel-efficient as the price of gas was very low. B) Those who valued gas the most were able to buy gas under the price ceiling. C) The inventory of unsold gas increased and gas stations incurred losses. D) Gas stations ran out of gas as the quantity...
QUESTION 5 Which of the following might be an indirect, unintended effect of providing income support to those without jobs? a. Those without jobs are made better off. b. People without jobs no longer search for and acquire jobs. c. People without jobs now search for and acquire jobs. Od. Those without jobs are made worse off. QUESTION 6 Suppose that because the government increases the minimum wage, employers choose to hire fewer workers. This is an example of ar...
(1) Each May school districts across the state vote on their budget for the upcoming school year. Go to your home town’s school district web site and let me know what’s happened in their budget. Tax increase above the cap, spending cuts, or a balance of both. Your answer should give me your district, total spending proposed, change over previous year, and specific programs that may be targeted for cuts. If your home town is out of the country, please...
pick 1 of the five things you should know about capital gains
tax, and give a pro or con point of view on the artical.
Paragraph Styles 6 5 Things You Should Know about Capital Gains Tax Updated for Tax Year 2019 OVERVIEW A capital gain occurs when you sell something for more than you spent to acquire it. This happens a lot with investments, but it also applies to personal property, such as a car. Every taxpayer should understand...
HOMEWORK SET 4A MARKETS IN ACTION 1 Question 1 refers to the following diagram, which shows the market for computers. 3 Price par computer (thousands oldaten ar 0 10 40 20 30 Quantity of computera Pundydis per wohl 1. Which of the following changes could cause the computer market to change as shown above? . Lower costs for computer chips and motherboards. b. The failure of several computer manufacturers. c. Higher prices for computer software. d. More features and greater...
10.) Which of the following is an example of an automatic stabilizer? A. The reduction in the money supply that occurs as banks become less willing to make loans during a recession B. The reduction in real wages that occurs as the economy goes into a recession C. The increase in government spending that occurs as the result of new spending bills passed by Congress D. The rise in tax revenue that occurs as a result of growth in real...
Read the attached case and answer the following questions After 10 years in business, John Shurtman has determined that it is time to hire a sales representative. As the founder and president of United Fleet Service (UFS), John has been the main driver of new business sales for the company. However, as UFS has grown, John has found that he must spend more time on planning and administration, leaving little time to generate new sales leads or call on potential...
Read the attached case and answer the following questions After 10 years in business, John Shurtman has determined that it is time to hire a sales representative. As the founder and president of United Fleet Service (UFS), John has been the main driver of new business sales for the company. However, as UFS has grown, John has found that he must spend more time on planning and administration, leaving little time to generate new sales leads or call on potential...
Beating the traffic All big cities have traffic problems, and many local authorities try to discourage driving in the crowded city center. If we think of an auto trip to the city center as a good that people consume, we can use the economics of demand to analyze anti-traffic policies. One common strategy is to reduce the demand for auto trips by lowering the prices of substitutes. Many metropolitan areas subsidize bus and rail service, hoping to lure commuters out...
question 1 Which of the following is an example of a bottom-up technique for developing promotional budgets? the objective-task method the percentage-of-sales method the competitive-parity method the pull-push method the AIDA method Question 2 In terms of the communication model, ________ is a reaction to a message that helps the source gauge the effectiveness of the message. looping decoding feedback encoding translating Question 3 An office supply store that pays a discounted price when it orders more than 12 metal...