In the graph shown below, assume policy changed overall environmental quality from E1to E2. Based on this information, the area or distance that represents an estimate of incremental benefits to achieve personal environmental quality of X2, according to the averting expenditure method (AEM), is
a. edfhX2 b. edhX2 c. dfh d. none of the above
c. dfh
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The basic problem with the existence of dead capital is that
A. since there is no cost to dead capital, there is an incentive to overinvest. B. dead capital cannot be put to any use since there is no ownership. C. with no clear ownership, dead capital often cannot be transferred to its most efficient use. D. dead capital creates government inefficiency, bureaucracy, and excessive regulation.
Lower marginal tax rates facilitate a higher return to innovative and risk-taking behavior
a. True b. False
The percentage of property taxes collected by local governments is about _____
a. 15 percent b. 45 percent c. 75 percent d. 95 percent
If an up-scale jewelry maker sells its products to retailers with the explicit condition that the retailers may not resell the products below a specified price, the jewelry maker is likely concerned about ________.
A) output restrictions B) market division C) its reputation D) price fixing