Economists tend to believe the most efficient way to induce environmental protection is through
a. standards that control economic activities
b. government provision of environmentally sensitive goods and services
c. market-based incentives such as taxes and subsidies
d. economic planning
e. none of the above
C
You might also like to view...
Which of the following will not result in a shift in the demand curve for the US dollar?
a. an increase of in the income of US residents b. a decrease in the expected rate of inflation in the US c. an increase in the dollar/Eruo exchange rate d. an increase in interest rates in the US e. a decrease in interest rates in the Euro zone
The case of production with a single variable input is analogous to
a. changing the use of land, labor, and capital in production by a constant absolute amount. b. a controlled laboratory experiment in which the scientist permits one variable to change at a time. c. changing the use of land, labor, and capital in production by a constant percentage. d. specialization in one particular product by a company.
Which of the following statements best describes the problem of stagflation?
A. Both inflation and economic expansion are occurring simultaneously. B. Prices are falling at the same time aggregate output is increasing. C. It is a period where both prices and unemployment increase simultaneously. D. There are unrestricted increases in aggregate demand along a vertical aggregate supply curve.
When demand is perfectly elastic:
a. the demand curve is vertical. b. the demand curve is horizontal. c. consumers do not respond to price changes. d. suppliers do not respond to price changes.