The key to pollution abatement lies in forcing polluters to externalize their pollution costs.
Answer the following statement true (T) or false (F)
False
In order for a firm to reduce its pollution, it must internalize its pollution costs.
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Use the following diagram to answer the next question.
Suppose the economy currently can be described by NX3. What can we conclude?
A. Both imports and exports are negative. B. Exports are negative and imports are positive. C. The value of exports exceeds the value of imports. D. The value of imports exceeds the value of exports.
Consider a nation that has a comparative advantage in the production of goods using unskilled labor. What types of workers will benefit from increased trade, and what type will lose?
What will be an ideal response?
In the market for French wines, an increase in demand is illustrated by:
A) a movement up the demand curve. B) a movement down the demand curve. C) a shift of the demand curve to the left. D) a shift of the demand curve to the right.
The employee is thinking like an entrepreneur in which of the following situations?
What will be an ideal response?