Although 23 states barred the self-service sale of gasoline in 1968, most removed the bans by the mid-1970s. By 1992, self-service outlets sold nearly 80% of all US gas, and only New Jersey and Oregon continued to ban self-service sales. Using predictive value for self-service sales for New Jersey and Oregon Johnson and Romeo (2000) estimate that the ban in those two states raised the price by approximately $.03-$.05 per gallon. Why did the ban effect the price? Illustrate using a figure and explain. Show the welfare effects in your figure. Use a table to show who gains or loses.
ALL interest used to be deductible even if you did not itemize There used to be a renter\'s deduction too Social Security income used to be NON-taxable Interest on a CD was 14.78% in 1981 Regular ole savings accounts used to pay 3-5% interest (to be fair though, you did have to put down 20-30% to get a home loan and you DID have to meet with the \"loan committee\" before you were approved) Banks had people who would CALL you if it looked like you MIGHT overdraw your account..so you could come down & make a deposit. Banks used to give stuff away to get you to open a checking account..which was also FREE.. stuff like toaster ovens, blenders, toasters, luggage, cookware, dishes Gas stations used to also give away stuff...like decks of cards, glassware, toy truck with their logos Corporations used to GIVE you stuff with their logo in exchange for the free-advertising. You could have a phone in your home for under $10 a month, and if it broke, they would replace it for FREE. You could work part time during school, and then in the summers & had enough money to pay for college. There used to be a 10% Luxury Tax (yup..just like in Monopoly) on furs, jewelry, leather goods, etc...even on costume jewelry & scarves Drug stores used to deliver your meds..for free Even small towns had several radio stations..all independently owned ..................................
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