Carbon dioxide emissions are thought to contribute to global warming, and there is a concern that changes in climate will be costly. Emitting carbon dioxide is an example of:
A. an effluent fee.
B. a public good.
C. an adverse selection problem.
D. a negative externality.
Answer: D
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MacDougall's test provides evidence that exports are positively related to labor productivity
Indicate whether the statement is true or false
Refer to the payoff matrix below. The Set High Price/Set High Price outcome is the ________.
A) Nash Equilibrium
B) cooperative equilibrium
C) pure -strategy Nash Equilibrium
D) dominant strategy equilibrium
For a farmer, the long-run would be the current growing season, where she can vary the amount of irrigation, pesticides, and fertilizer on a fixed number of acres planted
a. True b. False Indicate whether the statement is true or false
The tax system is how modern governments shift resources from
a. producing goods to producing services b. government to the private sector c. the private sector to government d. the U.S. Treasury to the Federal Reserve System e. one sector of the economy to another