In contrast to the need for legal enforcement under a system of direct controls, a taxes approach
a. is subject to greater uncertainty of payment of fees.
b. makes taxes automatic and certain.
c. speeds the prosecution and conviction process.
d. does not actually reduce pollution, merely the cost of monitoring it.
b
You might also like to view...
"As the price of gasoline increases, fewer people buy cars that are gas guzzlers." A graph showing this relationship would
A) have a positive relationshi
The change from prescriptive rights to priority rights meant all of the following except
(a) Entrepreneurial costs of economic development, such as river and lake pollution, had to be paid by those who were responsible for the costs. (b) The courts encouraged entrepreneurial activity by judicial interpretation. (c) Amenity rights to scenery, clear air and quiet enjoyment could be reduced. (d) Judges placed social weights upon property rights that favored some more than others.
In contrast to a perfectly competitive firm, a monopolist operates in the long run at a quantity of output at which:
a. P = MC. b. MR = MC. c. P = ATC. d. P > MR.
Since the 1950s, total private sector expenditures in the United States fell by half to 50 percent of GDP
a. True b. False Indicate whether the statement is true or false