Sulfur dioxide emissions allowances are available for purchase on the Chicago Mercantile Exchange, and several environmental groups have raised money to purchase these certificates, which they subsequently destroy
What would be the impact of these environmental groups purchasing and then destroying these cap-and-trade certificates on the price of these certificates in the market? A) The price rises.
B) The price falls to zero.
C) The price falls, but not to zero.
D) The price remains unchanged because the certificates are destroyed.
A
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Use the data in the table below to answer the following question.PriceQuantity Demanded$201218171620142412301036840644448The price elasticity of demand (based on the midpoint formula) when price increases from $14 to $16 is
A. -1.37. B. -0.33. C. -1. D. -3.29.
How does the political system of a country affect its economic performance? a. The political state dictates what will be produced and how it will be produced for many LDC countries and the success of their economies depends upon the success ofthe political leaders in mobilizing the resources of the economies
b. Political revolution is creative in the same way that technological change is creative in the economic system, and these creativities spark the economy's economicperformance. c. The right to vote is equivalent to consumer sovereignty, which is the right to choose one's consumption and employment. d. Political honesty, such as one law for all, helps the poor and they are the backbone of an economy's production. e. Political stability is a prerequisite for long-term investment.
If government removes two people from a prisoner's dilemma setting (and, in the process, requires that the two persons pay taxes for the service that government provides), it holds that on net
A) each of the two persons is better off. B) each of the two persons is worse off. C) one person is better off and the other person is worse off. D) a, b, or c E) none of the above
The real power within the Federal Reserve lies with the
A) Federal Reserve District banks. B) Board of Governors. C) Council of Economic Advisors. D) Council of Monetary Advisors.