If X transferable emissions permits are issued and there are n potential polluters,
A) the government must initially assign each of the potential polluters X/n permits.
B) the government must assign X/n permits to each potential polluter and check periodically that those permits have not moved.
C) emissions will be the same whether or not the permits are split equally, so long as none of the permits are issued outside the group.
D) emissions will be the same no matter who receives them first, so long as the recipient is willing and able to participate in the permit market.
E) emissions will be less if the permits are given initially to firms with lower abatement costs.
D
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The fraction of the working-age population that is in the labor force is called the
A) labor force participation rate. B) unemployment rate. C) employment rate. D) nonresponse rate.
Depending on the relative size of the federal government's expenditures and tax revenues, the federal government's budget can be in three possible conditions
What are the three possible conditions and what is the relationship of federal government expenditures and tax revenues for each?
If autonomous consumption rises by $20 and, as a result, Real GDP rises by $200, then the multiplier is
A) 4. B) 5. C) 6. D) 10. E) none of the above
All of the following are forms of social regulation EXCEPT
A) the Food and Drug Administration regulating the quality of drugs. B) the Public Utility Commission regulating the price of telephone service. C) the Environmental Protection Association regulating automobile emissions. D) the Occupational Safety and Health Administration regulating workplace safety.