The "cap" in cap-and-trade refers to the
A. name of a specific piece of equipment that is used to reduce air pollution.
B. cap on the number of pollution permits that any one business may use.
C. captain who oversees the reduction of pollution by businesses.
D. cap on pollution implied by the limited number of permits issued.
Answer: D
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Involuntary part-time workers are:
A. short-term unemployed workers. B. chronically unemployed. C. considered out of the labor force. D. not counted as unemployed.
Refer to Figure 7.4. This isoquant exhibits:
A. increasing MRTSLK as we move to the southeast along the isoquant.
B. declining MRTSLK as we move to the northwest along the isoquant.
C. constant MRTSLK as we move along the isoquant.
D. declining MRTSLK as we move to the southeast along the isoquant.
The exchange rate is determined by the interaction of the supply and demand for currencies in which exchange rate system? is:
A) fixed. B) flexible. C) all of the above. D) none of the above.
Those who support advertising claim that advertisements focus on what ______.
a. producers want to sell consumers b. consumers want c. the government wants consumers to have d. resource distributors want