A country has several factories that emit sulfur dioxide. The main methods that the government can use to overcome the accompanying environment externalities include all of the following EXCEPT
A) cap-and-trade.
B) mandating clean technology.
C) subsidies.
D) taxes.
C
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List three ways the measured unemployment tends to understate the unemployment problem
What will be an ideal response?
Which of the following statements is true?
A) If both demand and supply increase, there must be an increase in equilibrium price; equilibrium quantity may either increase or decrease. B) A decrease in demand causes equilibrium price to fall; the decrease in price then results in a decrease in quantity supplied. C) A decrease in demand causes a decrease in equilibrium price; the decrease in price causes supply to decrease. D) If demand decreases and supply increases one cannot determine if equilibrium price will increase or decrease without knowing which change is greater.
The full-employment level of real GDP is the level which can be produced with: a. given technology and productive resources
b. frictional and structural unemployment equal to zero. c. cyclical unemployment equal to zero. d. both a and b. e. both a and c.
Amazon's rise to become the world's largest online retailer was largely driven by:
A. an exclusive license granted by the U.S. government. B. patents on online selling that keeps other firms out of the market. C. far superior products than other online sellers could offer. D. massive economies of scale in distribution logistics and data storage.