A subsidy
a. used in an abatement equipment market can achieve an efficient solution if the subsidy is set equal to the MEB at QE
b. on pollution reduction activity encourages firms to reduce pollution below a predetermined standard
c. on abatement equipment can create bias by changing the relative prices of various abatement technologies
d. all of the above
e. (a) and (b) only
d. all of the above
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A perfectly competitive firm with a random demand has an expected marginal revenue that is ________ its expected price.
A) greater than B) exactly double C) less than D) equal to
The labor-force participation rate of a country is 20%. The number of employed and unemployed people are 50 million and 20 million, respectively. The adult population of the country is _____
a. 70 million b. 120 million c. 450 million d. 350 million
Which of the following is not included in a nation's balance of payments?
a. Imports and exports of services. b. International interest and dividend earnings. c. International gifts. d. International loans. e. All of the above are included in the balance of payments.
Vertical equity refers to a tax system in which individuals with similar incomes pay similar taxes
a. True b. False Indicate whether the statement is true or false