As the environmental regulations increase, the _____________ decrease and ____________ must be used.
a. interest and willingness/punitive measures
b. low-cost methods/more costly methods
c. marginal benefits/marginal costs
d. internalities/externalities
b. low-cost methods/more costly methods
As the extent of environmental protection increases, the cheap and easy ways of reducing pollution begin to decrease, and more costly methods must be used.
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You have been hired as an economic advisor for a developing country. You have been asked to focus on education as a means for the country's development
Explain to the prime minister how improving education and training can contribute to his country's economic growth, and why it is important for the government to take a proactive role in promoting education.
A rightward shift of the Mexican demand curve for foreign exchange will
a. decrease the price of foreign exchange in Mexico b. increase the value of the peso c. make foreign goods less expensive in terms of pesos d. make foreign goods more expensive in terms of pesos e. make Mexican goods more expensive in terms of foreign exchange
Horizontal equity means that equally situated individuals should be taxed equally
a. True b. False Indicate whether the statement is true or false
You are trying to design a tax system that will simultaneously achieve both of the following goals: 1) two people with the same total income would pay taxes of the same amount, and 2) a high-income person would pay a higher fraction of income in taxes than a low-income person. Which of the following tax systems could achieve both goals?
a. a lump-sum tax b. a regressive tax c. a progressive tax d. a proportional tax