Road charging-an end to congestion
‘State the economic arguments on whether big cities which have congested roads must charge a road tax?’
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Building an understanding of the workings and restrictions of the market mechanism by considering an externality. The ideas of welfare marginality and economics are of very significance.
Economic cost can best be defined as: A) any contractual obligation that results in a flow of money expenditures from an enterprise to resource suppliers. B) any contractual obligation to labor or material suppliers. C) compensations that must be received by resource owners to insure their continued
The maximum amounts of a good that people are willing and capable to buy at different market prices during a specific period are depicted by: (1) Horizontal summations. (2) Income or satisfaction boundaries. (3) Demand curves. (4) Consumption possibilities frontiers.<
Sticky prices within oligopoly markets are: (w) predicted by the kinked demand curve model. (x) substantiated by many statistical studies. (y) most common for highly differentiated products. (z) a result of price discrimination. Q : Supply of bonds for demand for loanable An increase in the supply of bonds tends to: (1) reduce the interest rate. (2) occur simultaneously with an increase in the demand for loanable funds. (3) yield an increase gross investment but a decrease in net investment. (4) drive up the prices of
An increase in the supply of bonds tends to: (1) reduce the interest rate. (2) occur simultaneously with an increase in the demand for loanable funds. (3) yield an increase gross investment but a decrease in net investment. (4) drive up the prices of
The two policies that most likely account for most of the trend toward greater income equality during 1929 and 1975 are: (w) improved educational opportunities, and tax and transfer policies. (x) reduced sex discrimination and public availability of b
Critics charge which generous welfare programs have sharply raised the: (w) balance of trade deficit. (x) amount of voluntary poverty. (y) antagonism between economic classes. (z) level of involuntary unemployment. Q : Price discriminating-monopoly A price A price discriminating-monopoly will NOT: (w) charge various prices for a good to various consumers. (x) charge various prices for a good without cost differential. (y) charge similar price to all consumers. (z) charge more for those consumers who hav
A price discriminating-monopoly will NOT: (w) charge various prices for a good to various consumers. (x) charge various prices for a good without cost differential. (y) charge similar price to all consumers. (z) charge more for those consumers who hav
Which of the given below is not a benefit of the sole proprietorship? (i) Limited liability. (ii) Easiness of organization. (iii) Flexibility. (iv) Freedom from govt. regulation. Choose the right answer from the above options.
The price elasticity of supply can be very approximately computed as the percentage change within: (w) responsiveness of price to variations within the quantity supplied. (x) quantity divided through the intercept coefficient of the supply curve. (y)
According to several critics who favor reducing welfare payments, and existing welfare programs as: (1) cannot cure poverty without substantial funding hikes. (2) are justified only when they increase total production. (3) harm poor people by creating
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