Which of the following policy obstacles could occur because it is difficult to know how market participants will respond to specific prices?
A. Velocity problems.
B. Implementation problems.
C. Design problems.
D. Goal conflicts.
Answer: C
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The marginal cost of enforcement (MCE)
a. is the additional cost incurred by government to monitor and enforce abatement activity b. is a negatively sloped function c. can be measured as the vertical sum of MACmkt and MSC at any abatement level d. represents the horizontal sum of all polluters’ MAC functions
Use the following table to answer this question, which provides information on the production of a product that requires one variable input.InputTotal Product00102002060030720408205090060980The marginal product of the 30th input item is
A. 24. B. 120. C. 12. D. 200.
In an unregulated labor market, the wage adjusts to balance labor supply and labor demand
a. True b. False Indicate whether the statement is true or false
Proponents of the interest-rate-based monetary policy transmission mechanism argue that when the Federal Reserve buys bonds, there will be
A. a decrease in the money supply. B. a decrease in the price of outstanding bonds. C. an increase in investment spending. D. a decrease in nominal Gross Domestic Product (GDP), but not in real income.