The "bubble concept," which is sometimes used by EPA in its pollution control programs, is designed to
A) capture pollutants and dispose of them safely.
B) confine pollution within a narrow area.
C) make the people who pollute the most the ones financially responsible for pollution control.
D) reduce the cost of achieving pollution-reduction targets.
E) restore control over the environment to state and local governments.
D
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Refer to Figure 11-10. Suppose for the past 8 years the firm has been producing Qd units per period using plant size ATC4. Now, following a permanent change in demand, it plans to cut production to Qc units
What will happen to its average cost of production? A) In the short run, its average cost rises from $47 to $55, and in the long run, average cost falls to $41. B) In the short run, its average cost rises from $47 to $55, and in the long run, average cost falls to $37. C) In the short run, its average cost falls from $47 to $37, and in the long run, average cost rises to $41. D) In the short run, its average cost falls from $47 to $41, and in the long run, average cost falls even further to $37.
Lower interest rates which reduce the debt-servicing burden of households, thus increasing their net worth, is best described by the
A) bank lending channel. B) money channel. C) financial market channel. D) balance sheet channel.
What do Baack and Ray (1983) find in their survey of U.S. tariff history?
(a) Tariff rates in the U.S. were low. (b) Tariff cuts were associated with the fast-growing industries. (c) The highest tariff rates in the U.S. were associated with the fastest growing industries. (d) The U.S. was a world leader in free trade policy.
Each step up the education ladder improves the incomes of white males but not of black males
Indicate whether the statement is true or false