Pollution taxes are more efficient in cleaning up the environment than direct controls. What is not an advantage of direct controls?
A. They are useful standby mechanisms.
B. They are useful if it is decided to prohibit the substance altogether.
C. They are useful where dependable metering devices are not available or prohibitively costly to install.
D. They are most useful in centrally planned economies.
Answer: D
You might also like to view...
The desired reserve ratio is 10 percent. Joe deposits $1,000 in Bank A. Bank A keeps its minimum desired reserves and lends the excess to Fred. Fred spends his loan at J.C. Penney. J.C. Penney deposits the check it receives from Fred in Bank B
Bank B keeps its minimum desired reserves and lends the excess to Mary. How much can Bank B lend to Mary? A) $900 B) $90 C) $810 D) $100 E) $1,000
Figure 11-7
The firm in Figure 11-7 is an unregulated monopolist; it will produce which of the following?
A. 175 units at a price of 7 B. 100 units at a price of 6 C. 100 units at a price of 9 D. 150 units at a price of about 7.5
A Turkish firm exchanges lira (Turkish currency) for dollars. It then uses these dollars to purchase computers from the U.S. These actions decrease U.S. net capital outflow and increase U.S. net exports
a. True b. False Indicate whether the statement is true or false
The Law of Supply states that, other things being constant, when the price of a good increases then;
a) Supply and demand both decrease. b) Demand increases and supply decreases. c) The quantity demanded decreases. d) The quantity supplied increases.