The advantages of emissions permits over taxes is/are:
a. it reduces undertainty about the quantity of pollution that will be emitted.
b. environmental authorities decide on an emissions ceiling in advance of issuing permits.
c. pollutants can be limited to levels which do not affect health.
d. All of the above are correct.
d
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Some would cite the purchase of defective products and the rising cost of health care as market failures. Argue that these are not true market failures.
What will be an ideal response?
Empirical support for the Heckscher-Ohlin model was weakest when the study applied
A) all of the assumptions of the model. B) all of the assumptions of the model except that regarding technology. C) all of the assumptions of the model except those regarding technology, goods and shipping costs. D) all of the assumptions of the model except those regarding technology, shipping costs and gravity. E) all of the assumptions of the model except those regarding shipping costs.
Michigan recently did away with property taxes. Alternative funding for schools could come from
a. a lottery system. b. an increase in sales tax and income tax. c. an increase in corporate taxes. d. All of the above are correct.
Most bank deposits in the United States are insured by the Federal Deposit Insurance Corporation (FDIC).
Answer the following statement true (T) or false (F)