In order to achieve social efficiency, the size of an effluent tax should be based on:
a. the external cost created by the pollutant.
b. people's willingness to pay for a cleaner environment.
c. the expense of installing new "green" equipment.
d. the number of free riders in the industry.
a
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In Canada, there are no preferences given to Canadian tv networks and programming over U.S. networks and programming
Indicate whether the statement is true or false
Considering the concept of compounding, explain why in determining the future value of a $100 investment at 5 percent annual interest, you can't simply multiply $100 by (1.10) and get the correct answer.
What will be an ideal response?
Demand tends to be elastic at higher prices and inelastic at lower prices.
Answer the following statement true (T) or false (F)
"Rational, self-interested people would never end up worse off by any decision they make. Obviously, people often make mistakes or have regrets. Therefore, people do not act rationally or out of self-interest"
Do you agree with these statements? Why or why not?