We expect firms with ________ to sell marketable pollution permits to firms with ________.
A. low abatement costs; high abatement costs
B. high abatement costs; low abatement costs
C. high price goods; low price goods
D. high production capacity; low production capacity
Answer: A
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If an established domestic industry is in jeopardy of being displaced by lower-priced imports, there could be a rationale for
a. permanent import restrictions to prevent the decline of the domestic industry b. temporary import restrictions to allow the orderly adjustment of the domestic industry c. permanent import restrictions based on the infant industry argument d. temporary import restrictions based on the infant industry argument e. temporary import restrictions that will be replaced by permanent tax breaks for the domestic industry
During a recession unemployment benefits rise. This rise in benefits makes aggregate demand higher than otherwise
a. True b. False Indicate whether the statement is true or false
If quota rights accrue to foreigners, then the domestic economy is better off with a quota than with a tariff
Indicate whether the statement is true or false
Which of the following is true about the natural rate of unemployment?
(a) It can vary over time. (b) It is one percent or less of the population. (c) It is equal to the structural unemployment rate. (d) It reflects only frictional unemployment.