Some politicians rally against using the market to reduce pollution because
A. pollution charges and tradable permits allow firms to pollute as long as they can pay for it.
B. polluting firms do not care about the environment, so something must be done.
C. government-run industries have been better at controlling their pollution costs when compared to privately run firms
D. pollution charges and tradable permits do not penalize polluting firms.
Answer: A
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Which of the following is likely to happen if the government of a country lowers import tariffs?
A) The domestic producers will be safe from foreign competition. B) The revenue earned by the government will fall. C) The price of imported goods will rise in the domestic market. D) The volume of the country's imports will fall.
Changes in the legal reserve requirement
a. are often implemented by the Fed to avoid disruption to both bank and borrowers b. affect total bank reserves c. are actively pursued by the member banks of the Fed d. are used to limit the lending activity of banks e. help to create the certainty that banks prefer to avoid
An increase in the interest rate causes a decrease in the future value of $1,000 that you have in a bank account today
a. True b. False Indicate whether the statement is true or false
According to the circular-flow diagram, if Denny is the owner of a landscaping business and he just received $50 for mowing Mrs. Pendleton's lawn,
a. the $50 represents a cost of production for Denny's firm. b. the $50 represents wages, rent, and profit to Denny's firm. c. Denny acts as a firm who interacted in the markets for factors of production with Mrs. Pendleton. d. Denny acts as a firm who interacted in the markets for goods and services with Mrs. Pendleton.