Answer the following statement(s) true (T) or false (F)
1. In a pay-as-you-throw (PAYT) program, the price per unit of MSW services can be based on either the weight or the volume of waste generated.
2. A back-end charge is implemented as a price per household.
3. The city whose unit pricing program is considered to be the prototype is Philadelphia.
4. If there is a negative externality associated with consumption of a product, the MSBof that product is below the MPB.
1. True
2. False
3. False
4. True
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In Figure 11.1, a decrease in the marginal propensity to save is represented by a change in the consumption function from
A) C1 to C3. B) C3 to C1. C) C2 to C1. D) C1 to C2.
If you own a bond with a six percent coupon rate and new bonds are paying six percent, what will happen to your bond's market price?
What will be an ideal response?
A subsidy on a product will generate more actual benefit for producers (and less for consumers) when
a. the supply of the product is relatively inelastic. b. the supply of the product is relatively elastic. c. the demand for the product is relatively inelastic. d. either b or c is true
A recent antidumping case charged Canadian tomato producers with dumping tomatoes on the U.S. market. In order for the United States to impose antidumping duties, Canadian tomatoes must be sold at _______ than their fair value in the United States, and there must be injury to the ________ tomato industry.
a. more; U.S. b. less; U.S. c. more; Canadian d. less; Canadian