Which of the following is not a solution to the problem of negative externalities due to pollution?
a. Create private property rights.
b. Levy pollution taxes.
c. Create obligatory controls.
d. Reward the production of these products through subsidies.
e. Establish strict limits on the amount of pollution allowed.
d
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Americans demand Japanese yen in order to
A) buy Japanese products. B) supply American goods in Japanese markets. C) allow the Japanese to buy U.S. products. D) balance the current account.
Large or persistent inflation is almost always caused by
a. excessive government spending. b. excessive growth in the quantity of money. c. foreign competition. d. higher-than-normal levels of productivity.
The unanimity property states that the ranking between any two outcomes should not depend on whether some third outcome is available
a. True b. False Indicate whether the statement is true or false
What are some of the sources of long-run economic growth, and which is the greatest contributor to growth?
What will be an ideal response?