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.
Two important changes occur in the upper airway in croup:The epiglottis swells, thereby occluding th
This chart shows the various lines of responsibility and how they differ in presidential and parliam
Your Brain Controls Hunger and Satiation
Controls of Temperature
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Pathway by which the nervous system controls skeletal muscle contraction