Mobile source standards in the U.S. are solely benefit-based, which means they are set
a. to achieve allocative efficiency
b. to maximize total social benefits
c. at the point where MSB is maximized
d. at the abatement level where MSC is zero
e. none of the above
b. to maximize total social benefits
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Which of the following shifts the aggregate supply curve leftward?
A) increase in the money wage rate B) a fall in the price level C) increase in real GDP D) decrease in the money price of oil E) increase in potential GDP
Assume that a no-load open-end mutual fund holds securities with a total market value of $20 million, has no liability, and has 250,000 shares outstanding. The net asset value par share of this fund is
A) $5 million. B) $80 million. C) $5. D) $8.
Identify the correct statement
a. Investment is positively related to the interest rate. b. Investment spending in an economy is stimulated by new production technology. c. Investment is positively related to excess capacity. d. Investment spending is positively related to the cost of capital goods. e. Investment is negatively related to the rate of government spending.
(Consider This) Some economists believe that modest inflation, say 2-3 percent, might help reduce unemployment during recessions. What is the argument of economists who reject this idea?
A. Consumers would stop buying goods at higher prices, reducing demand, output, and employment. B. Firms will pocket the profits resulting from higher prices and have no incentive to expand output and employment. C. Wages and other costs would rise with the inflation, keeping firms from expanding employment. D. Consumer spending would shift to cheaper imported goods, reducing domestic demand and employment.