Which of the following is NOT a possible solution to the problem of pollution?
A) converting a resource that is communally owned into a privately owned resource
B) imposing a tax on polluters that is related to the amount of pollution
C) regulating the amount of pollution that a firm can produce
D) subsidizing the costs of production of activities that generate pollution
Answer: D
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Markets tend to increase the costs of time and information required for exchange.
The U.S. patent system
a. makes general knowledge excludable. b. makes specific, technical knowledge excludable. c. creates a disincentive to invent. d. Both a and b are correct.
Bliff and Harvey in 1hr. what is the absolute advantage? 1 hr. Bliff Harvey Martins 9 12 Gin 6 9
What will be an ideal response?
Purchases of foreign assets by U.S. residents are tabulated in the U.S. balance of payments as a:
A. capital inflow. B. capital outflow. C. current account outflow. D. unilateral transfer.