Which of the following is not a reason why marketable permits may fail to achieve efficiency?
A. Some firms can reduce emissions at a lower cost than other firms.
B. A market has a small number of buyers and sellers.
C. Imperfect information exists on the value of a permit.
D. There are concerns about the value of permits in the future.
Answer: A
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How are price ceilings and price floors similar?
a. They both clarify price signals sent to consumers and producers. b. They both cause persistent shortages. c. They both distort price signals sent to consumers and producers. d. They both cause persistent surpluses.
If there is evidence of serial correlation, then FGLS is preferred over OLS because the FGLS estimator is unbiased.
Answer the following statement true (T) or false (F)
In addition to requiring that CEOs personally certify the accuracy of financial statements, the Sarbanes-Oxley Act of 2002 also requires that
A) CEO's conduct audits of their corporations themselves. B) firms raise funds for expansion through the sale of bonds only, not stocks. C) auditors disclose any potential conflicts of interest. D) corporations issue financial statements monthly rather than quarterly.
Describe four of the five major income maintenance programs in the United States that were discussed in the text
What will be an ideal response?