When Determining an Appropriate Congestion Tax, Economists Would Use Which

question 60

Multiple Choice

When determining an appropriate congestion tax, economists would use which of the following elements of the economic way of thinking?

• A) thinking at the margin
• B) isolating variables
• C) making assumptions
• D) all of the above

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Definitions:

Rapid Growth

A fast increase in the size or number of something, such as population, economy, or a business.

Capitalism

An economic system based on the principles of market competition, private property, and the pursuit of profit.

Sociology Development

The study of how society, social structures, and patterns of social behavior evolve over time.

National Isolationism

A political and economic policy stance favoring the minimization of a nation's involvement in international affairs, trade, and agreements, to prioritize domestic interests.