When the Times Mirror Company purchased the right to discharge 150 tons of hydrocarbons annually from other polluters, this was an example of
A. following an incentive-based regulation.
B. following a command-and-control regulation.
C. conducting a transaction between polluters typical of those that have been carried out since the early 20th century.
D. an illegal transaction.
A. following an incentive-based regulation.
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Use the following table for Country X to answer the next question. Column 1 of the table is the world price of a product, Column 2 is the quantity demanded domestically (Qdd), and Column 3 is the quantity supplied domestically (Qsd). Assume the small-country model is applicable.PriceQddQsd$5.002004004.002503503.003003002.003502501.00400200If Country X opens itself up to international trade, at what world price will it begin importing some units of the product?
A. Any price above $3.00 B. Any price below $3.00 C. Any price below $5.00 D. Any price above $5.00
You like bundle A better than bundle B, and bundle C is an average of bundles A and B. Which of the following is correct if your tastes satisfy our usual assumptions?
A. Bundle C is at least as good as bundle B. B. Bundle A is at least as good as bundle C. C. Both (a) and (b). D. None of the above. E. There is not enough information to tell.
At the beginning of the year, Tom's Tubes had a capital stock of 5 tube inflating machines. During the year, Tom scrapped 2 old machines and purchased 3 new machines. Tom's gross investment for the year totaled
A) 1 machine. B) 2 machines. C) 3 machines. D) 6 machines.
In 2013, which of the following countries had the highest negative current account balance?
a. United Kingdom b. France c. United States d. Japan