A uniform-abatement policy is:
A. inefficient because it does not exploit the differences in abatement costs among firms.
B. efficient because an equal amount of pollution is assigned to each firm.
C. inefficient because it incurs relatively low compliance costs.
D. efficient because it helps firms lower their production costs.
Answer: A
You might also like to view...
Amy can produce either 5000 pounds of cheese or 20 cars per year. Mike can produce either 5000 pounds of cheese or 10 cars per year. Mike's opportunity cost of producing one car is ________ pound(s) of cheese.
A. 1/250 B. 500 C. 1/20 D. 250
Under an emissions tax program, the government sets ____; under an emissions permits program, the government sets ____.
A. the price of the right to pollute; the price of the right to pollute B. the price of the right to pollute; the permitted total quantity of pollution C. the permitted total quantity of pollution; the price of the right to pollute D. the permitted total quantity of pollution; the permitted total quantity of pollution
Income elasticity relates to
A. a movement down a demand curve. B. the percentage change in quantity demanded divided by the percentage change in the price. C. a movement up a demand curve. D. a horizontal shift in a demand curve.
Dynaflex Corp. is considering an investment project that costs $950 today. It expects the project will yield income of $350 at the end of years 1, 2, and 3. The interest rate must be ________ for the firm to undertake the project.
A. no more than 5% B. exactly equal to 10.5% C. at least 8% D. It is indeterminate from the given information.