Consider the following two statements to answer this question:
(1) The bubble policy allows a facility to measure its emissions as an average of all emission points from that facility.
(2) Netting was developed as a trading program to control emissions in PSD areas.
a. (1) is true and (2) is false c. (1) is false and (2) is true
b. both (1) and (2) are false d. both (1) and (2) are true
d. both (1) and (2) are true
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Keynes and his followers believed that
A) the economy could not operate at any level of real Gross Domestic Product (GDP) less than full capacity. B) capitalism was one economic system that guaranteed full employment. C) wages and prices in the short run were flexible. D) there was no guarantee that a capitalist economy would reach a full employment equilibrium.
Economic growth is best defined as
A) decreases in potential GDP. B) increases in potential GDP. C) rightward shifts of the AD curve. D) rightward shifts of the SAS curve.
Which of the following is a characteristic of perfect competition?
A. Large barriers to entry. B. A small number of firms. C. Firms selling unique goods. D. None of the alternatives are characteristics of perfect competition.
The process of deciding on and passing fiscal policy legislation creates:
A. an information lag. B. a formulation lag. C. an implementation lag. D. a direction lag.