A tax on polluting emissions will
a. provide incentives for firms to reduce the volume of polluting materials.
b. raise revenue sufficient to eliminate the deficit.
c. necessarily lower the price of the products.
d. require no agency to administer the tax.
a
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Foreign direct investment declined worldwide during the recession of 2007-2009
The decline in foreign direct investment in developing countries can make it more difficult for these countries to break out of the vicious cycle of low economic growth and A) overpopulation. B) low saving and investment. C) low government spending. D) a low import/export ratio.
According to your text, the so-called "Superbowl Effect"
A) is an example of a mere statistical correlation. B) is an example of correct cause-and-effect reasoning. C) is a sound discovery in economic theory. D) is based upon a false set of facts.
Which of the following types of business organization have limited liability? I. proprietorship II. partnership III. corporation
A) I, II only B) II, III only C) III only D) I, II, III
The figure above shows a local lawn cutting service's demand for labor curve when the price of cutting an acre of lawn is $50 per acre. If the wage rate rises from $100 per day to $200 per day, the firm's demand for labor curve
A) shifts leftward. B) shifts rightward. C) does not shift at all, but the firm moves upward along the curve. D) None of the above because this change shifts the supply of labor curve.