The funds that polluters pay that gives them the right to discharge into the air or water a certain amount of pollution are
A) special subsidies.
B) regulation fees.
C) external costs.
D) effluent fees.
Answer: D
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Accounting costs
A) are historical costs. B) are replacements costs. C) usually include implicit costs. D) usually include normal profits.
A horizontal line always has a slope of one
a. True b. False Indicate whether the statement is true or false
Sam hires an attorney to present a court case. If Sam wins the case, he will receive some money. This payoff is a function of the attorney's hours and which judge is assigned the case that day. Judge A is very understanding toward people in Sam's position, but judge B is very harsh toward people like Sam. Is it possible for Sam to get the attorney to deliver the optimal amount of effort and make
the attorney bear all of the risk? What will be an ideal response?
The money supply schedule is
A) horizontal because is set by the central bank while P is taken as given. B) horizontal because is set by the central bank. C) vertical because is set by the households and firms while P is taken as given. D) vertical because and P are set by the central bank. E) vertical because is set by the central bank while P is taken as given.