Most of the Superfund has been spent on
a. education of the public on environmental issues
b. research
c. court costs and legal fees
d. cleanup and rehabilitation of polluted areas
e. development and installation of antipollution devices
C
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An expansionary monetary policy may cause asset prices to rise, thereby reducing the likelihood of financial distress and causing consumer durable and housing expenditures to rise. This monetary transmission mechanism is referred to as
A) the household liquidity effect. B) the wealth effect. C) Tobin's q theory. D) the cash flow effect.
At the efficient level of pollution, the:
a. total social costs and total social benefits of reduction are equal. b. marginal social costs and marginal social benefits are equal. c. marginal private costs and marginal private benefits are equal. d. total private costs and total private benefits are equal.
Which of the following is a microeconomic question?
A. Should the government decrease unemployment benefits to reduce the unemployment rate? B. Why do some countries have higher inflation rates than other countries? C. Should the government subsidize corn farmers to encourage the production of ethanol? D. Should congress decrease taxes to help stimulate the economy?
Which of the following is the best example of a tariff?
A) a subsidy from the U.S. government to domestic manufacturers of residential air conditioners to enable them to compete more effectively with foreign producers B) a limit on the quantity of residential air conditioners that can be imported from a foreign country C) a $150 fee imposed on all imported residential air conditioners D) a tax placed on all residential air conditioners sold in the domestic market to help offset the impact of emissions on the environment