If it costs Con Ed approximately $20 per additional ton of air pollution abated, but it costs PG&E only $10 per additional ton of air pollution abated and a marketable pollution permit trades for $14 per ton,
A. PG&E could gain by selling and Con Ed could gain by buying.
B. both PG&E and Con Ed could gain by buying.
C. both PG&E and Con Ed could gain by selling.
D. PG&E could gain by buying and Con Ed could gain by selling.
Answer: A
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The owner of each share of a corporation's stock:
a. has the right to cast one vote for electing its board of directors. b. is entitled to 1 percent of the total profit earned by the firm. c. has the right to participate in its overall supervision. d. is liable for 1 percent of the total loss incurred by the company.
A prisoner's dilemma exists for global pollutants because:
a. countries do not face the full cost of pollution that they generate. b. countries that regulate pollution gain more than countries that do not regulate pollution. c. countries that regulate pollution lose more than countries that do not regulate pollution. d. no country follows international agreements to limit pollution.
Easy monetary policy ________ interest rates which ________ the demand for a currency and ________ the market equilibrium value of the exchange rate.
A. increases; increases; increases B. increases; increases; decreases C. decreases; decreases; decreases D. increases; decreases; increases
Refer to the information provided in Table 30.2 below to answer the question(s) that follow.
Table 30.2
Refer to Table 30.2. From 2015 to 2016 the real wage
A. rises. B. falls. C. stays the same. D. rises then falls.