Which of the following is NOT a possible solution to the problem of pollution?
A) subsidizing the costs of production of activities that generate pollution
B) converting a resource that is communally owned into a privately owned resource
C) regulating the quantity of pollution that can be generated
D) imposing a pollution tax on producers
Answer: A
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What do most empirical studies of labor supply in the United States conclude concerning the elasticity of labor supply and what implication does this have with respect to who bears the burden of the payroll tax?
What will be an ideal response?
An example of fiscal policy would be government:
A. increasing the amount of available educational grants. B. decreasing the income tax. C. increasing corporate income taxes. D. increasing money supply.
A firm's demand curve for labor shifts when the
a. price of its output changes. b. wage rate changes. c. number of available workers changes. d. All of the above are correct.
An upward-sloping straight line on a linear scale will become a (an) ________ on a logarithmic scale
A) upward sloping straight line B) upward sloping curve that gets continually steeper C) upward sloping curve that gets continually flatter D) horizontal line E) downward sloping straight line