A carbon tax would _____ the cost of producing goods and services that create large carbon emissions, and would lead Americans to use ______ carbon- intensive goods and services, which could _______ climate change?
A) raise; more; slow
B) raise; fewer; speed up
C) lower; fewer; slow
D) raise; fewer; slow
E) raise; more; speed up
Ans: A) raise; more; slow
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Explain what happens to the magnitude of price elasticity of demand as price increases along a straight-line demand curve.
What will be an ideal response?
The value of money falls. This might be because the Federal Reserve
a. bought bonds, which increased the money supply. b. bought bonds, which decreased the money supply. c. sold bonds, which increased the money supply. d. sold bonds, which decreased the money supply.
The foreign freight forwarder is the largest export intermediary in terms of value and weight of products managed.
a. true b. false
When producers price their items, they should realize there will usually be a consumer surplus when the items are sold. What does this mean to them?
a. They should price items one dollar above the market equilibrium price. b. They should price items somewhat higher than what consumers are willing to pay for them. c. They should price items exactly at what consumers are willing to pay for them. d. They should price items somewhat lower than what consumers are willing to pay for them.