Briefly explain how command-and-control regulation works
Command-and-control regulations set specific limits for pollution emissions and/or specific pollution-control technologies that must be used.
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Market demand curves may slope downward even if some individual demand curves do not because
A. the law of demand requires that this is true. B. lower prices may bring more purchasers into the market. C. merchants try to sell more at lower prices. D. people believe expensive goods are better goods.
If the demand for product R increases as the price of product S increases, then _____
a. consumer preferences for S have increased b. R and S are not related goods c. R and S are substitutes d. R and S are complements e. R is an inferior good
Assumptions about expected national and international macroeconomic variables should play a prominent role in three major business financial documents, which are the:
a. Income statement, balance of payments, and cash flow statement b. Income statement, balance sheet, and credit report c. Income statement, balance sheet, and foreign direct investment report d. Income statement, balance sheet, and cash flow statement e. Gross national product, inflation, and balance of payments
What is a currency band?
a. a limit below which the currency is not allowed to fall b. a limit above which the currency is not allowed to rise c. a fixed rate regime with some small variation allowed, up or down d. a very rigid control of the currency-no variation allowed