In the United States, the type of corporation that makes up the largest percentage of all business enterprises is ___________
a. mining
b. services
c. manufacturing
d. finance
Ans: c. manufacturing
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Now, assume that the government institutes an emission fee of $16 thousand per unit of pollution. How many units of pollution would each polluter abate? Is the $16 thousand fee a cost-effective strategy for meeting the standard? Explain.
Assume that there are two firms, each emitting 20 units of pollutants into the environment, for a total of 40 units in their region. The government sets an aggregate abatement standard (AST) of 20 units. The polluters' cost functions are as follows, where the dollar values are in thousands: Polluter 1: TAC1 = 10 + 0.75(A1)2, Polluter 2: TAC2 = 5 + 0.5(A2)2, MAC1 = 1.5A1, MAC2 = A2.
When a commercial bank borrows directly from the Fed, it pays
A) a zero rate of interest. B) an interest rate called the federal funds rate. C) an interest rate called the discount rate. D) the Fed in a mutually agreed upon quantity of gold reserves in its vaults.
The World's most populous country is:
a. The United States b. Greece c. India d. China
If the quantity of gidgets demanded increases when the price of gadgets decreases
A. gidgets and gadgets are complements. B. gidgets and gadgets are substitutes. C. gadgets are normal goods, while gidgets are inferior goods. D. gidgets are normal goods, while gadgets are inferior goods.