In setting an obligatory control on a polluting industry, the government
a. places a tax on the pollution
b. creates pollution permits which could be sold on the open market
c. creates private property rights for air
d. establishes a limit on the amount of pollution a producer is permitted to emit
e. offers a subsidy to the polluting firm
D
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At an interest rate of 5 percent, the present value of $1,000 to be received three years from today is
A) less than $875. B) between $875 and $925. C) between $925 and $975. D) more than $975.
All centrally planned economies
A) have been political dictatorships. B) started out as market economies. C) have become mixed economies. D) began as mixed economies.
When the price of a bond equals the face value the:
A. current yield is equal to the coupon rate. B. yield to maturity is greater than the current yield. C. yield to maturity will be above the coupon rate. D. yield to maturity will be below the coupon rate.
If the price level falls, the aggregate supply decreases as a result of the aggregate demand curve shifting left.
Answer the following statement true (T) or false (F)