Command-and-control policies usually:
A. result in higher costs for firms when compared to pollution taxes.
B. don't raise prices as much to consumers as do pollution taxes.
C. result in less pollution being produced than when pollution taxes are used.
D. result in lower costs for firms when compared to pollution taxes.
Answer: A
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The coupon rate on newly issued bonds is usually ________ for bonds with favorable tax treatment, such as municipal bonds, and ________ for bonds that are very risky, such as junk bonds.
A. lower; lower B. lower; higher C. higher; lower D. higher; higher
A conclusion of the theory of rational expectations is that, in the short run, the impact of a correctly anticipated fiscal policy designed to decrease AD will:
a. result in no net change in AD once people's expectations adjustments have been accounted for b. shift AD in the opposite direction intended once people's expectations adjustments have been accounted for. c. decrease the price level. d. result in no change in the price level.
Microeconomics is concerned with the study of
A) the effects of inflation. B) the effects of government spending. C) the effects on individual producers of higher wages paid to workers. D) aggregates.
Which of the following is subject to double taxation?
A. income earned by government employees B. dividends and retained earnings C. Social Security income D. income earned by people in the lowest tax bracket