If transactions costs are very high and auctions for pollution permits are not possible, which of the following is the most effective way to deal with pollution?
A. Require all polluters to limit their pollution to a certain level with regulation
B. Allow the parties to negotiate
C. Give subsidies to reduce pollution
D. Tax pollution
Answer: D
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Spending VCU4 on real-world goods and services causes the nation's:
a. Monetary base to remain the same. b. M2 money supply to fall. c. M2 money multiplier to fall. d. Monetary base to rise.
Which of the following steps does an economist take when studying the economy?
a. devise theories b. collect data c. analyze data d. All of the above are correct.
A company can hire non-union workers, but a condition of their employment is that they must join the union within their first 90 days on the job. This is an example of a
A. closed-shop. B. union shop. C. voluntary craft union. D. right-to-work law.
Which of the following is NOT a determinant of an individual's marginal product?
A. talent B. educational level C. experience D. money income