As a policy instrument, pollution rights allow income distribution effects that can more easily win the cooperation of affected businesses
Indicate whether the statement is true or false
T Pollution rights allow benefits to go to affected businesses when taxes will not. and Table 20.1.
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Suppose the U.S. price level rises 25 percent at a time when Japan experiences stable prices. As a result, the U.S. demand for Japanese goods will __________, and the Japanese demand for U.S. goods will __________; in turn, this will increase the demand for Japanese yen and decrease the supply of Japanese yen; in turn, the dollar will depreciate and the yen will appreciate
A) rise; fall B) fall; rise C) rise; rise, too D) fall; fall, too
Which of the following market transactions of final goods and services are excluded from the computation of U.S. GDP??
A. ?Purchases of products such as wine, beer, hard liquor, and cigarettes. B. ?Secondhand transactions, such as when a used car is sold. C. ?New purchase that a resident of one state makes in a different state. D. ?Purchases of necessities such as groceries and rent.
Exhibit 16-1 Money market demand and supply curves
Beginning from an equilibrium at E1 in Exhibit 16-1, a decrease in the money supply from $150 billion to $100 billion causes people to:
A. sell bonds and drive the price of bonds down. B. sell bonds and drive the price of bonds up. C. buy bonds and drive the price of bonds down. D. buy bonds and drive the price of bonds up.
Refer to the information provided in Figure 4.1 below to answer the question(s) that follow.
Figure 4.1Refer to Figure 4.1. Assume that initially there is free trade. If the United States then imposes a 10-cent tax per apple,
A. U.S. imports of apples will increase by 6 million per day. B. the quantity of apples demanded will be reduced by 4 million apples per day. C. the price of apples in the United States will increase to 40 cents per apple. D. the quantity of apples supplied by U.S. firms will increase by 6 million apples per day.