The primary component of photochemical smog is
a. lead c. sulfur dioxide
b. tropospheric ozone d. carbon dioxide
b. tropospheric ozone
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An emission charge
a. takes advantage of firms’ natural profit incentive b. cannot achieve a least-cost solution c. offers no revenue stream to governments d. has no effect on product pricing
As of 2013, the U.S. monetary base has ________ its 2007 level, the level held before the 2008 financial crisis, as a direct result of ________
A) quadrupled; the Fed's actions with quantitative easing B) doubled; the Fed's actions with quantitative easing C) tripled; the Fed's actions with quantitative easing D) quadrupled; the Fed's actions and the resulting reduction of the money multiplier E) tripled; the Fed's actions and the resulting reduction of the currency drain
Figure 36-6
?
In Figure 36-6, which of the following will cause a movement from equilibrium at point D to equilibrium at point B?
A. An appreciation of the dollar B. A depreciation of the dollar C. A depreciation of the Japanese yen D. An increase in the U.S. price level
Which of the following statements about positive analysis is? correct?
A. Positive analysis is concerned with what ought to be.
B. Positive analysis can be used to determine whether policies are good or bad.
C. Positive analysis is concerned with what is.
D. Positive analysis involves value judgments.