When the government controls the price of a product, causing the market price to be above the free market equilibrium price,
A) all producers gain.
B) both producers and consumers gain.
C) only consumers gain.
D) some, but not all, sellers can find buyers for their goods.
Question 2
The social discount rate is an important component in net present value (NPV) calculations for public policies related to stock externalities, but economists do not agree on which value to use for this rate.
Suppose a recent study reports that the NPV of a proposed carbon tax intended to reduce carbon dioxide emissions is positive, but the annual net benefits do not become positive until 2060. The authors of the study used a social discount rate of 2. What can we say about the findings of the study if the research were repeated with a higher social discount rate? A) NPV would decline, and the annual net benefits would become positive after 2060.
B) NPV would increase, and the annual net benefits would become positive before 2060.
C) NPV would decline, and the annual net benefits would not change.
D) The findings of the study would not change.
The fuel system should hold pressure if the system is leak free.
Main Hall, Trajan's Market
A Production Function with Diminishing Marginal Product of Capital
Controls of Temperature
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ...