In a deposit-refund system,
a. the refund component compensatesthe consumer for proper waste disposal or recycling activities
b. the deposit component should be set equal to the MSC of illegal waste production
c. the costs of monitoring and enforcement are higher than if a pollution charge were used
d. actual polluters are not penalized for decisions that pose a risk to the environment
a. the refund component compensatesthe consumer for proper waste disposal or recycling activities
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Comparing firms in perfectly competitive markets to monopoly firms, which can earn economic profits in the long run?
If your income increases by $1,500 and you only consume $900 of it, your marginal propensity to consume would be equal to:
What will be an ideal response?
When an expansionary gap exists, actual output ________ potential output and the rate of inflation will tend to ________.
A. is less than; increase B. exceeds; increase C. is less than; decrease D. exceeds; decrease
If a natural disaster were to cause a negative long-run supply shock to the economy, once the economy adjusts, the new equilibrium will be at a:
A. higher price level and lower level of output. B. lower price level and lower level of output. C. higher price level and higher level of output. D. lower price level and higher level of output.