Marketable pollution permits increase the amount of pollution generated because firms that don't want to reduce pollution can buy the right to pollute.
Answer the following statement true (T) or false (F)
False
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International trade can have important effects on the distribution of income because
A) some resources are immobile in the short run. B) of government corruption. C) the more powerful country dictates the terms of trade. D) rich countries take advantage of poor countries. E) different countries use different currencies.
Consider the demand function Qd = 150 - 2P. The effects of other determinants of Qd is reflected in
A) the intercept of the function. B) the slope of the function. C) neither the slope nor the intercept of the function. D) in both the slope and the intercept of the function.
China and India both have rapidly developing economies. Which of the following characteristics is shared by India and China?
A. Both have high literacy rates. B. Property rights are well established in both countries. C. Both have embraced free-market economies. D. Both are democratic countries.
Mainstream economics views monetary policy as a:
A. Source of instability, similar to the view of monetarism B. Stabilizing factor, similar to the view of monetarism C. Source of instability, while monetarism views it as a stabilizing factor D. Stabilizing factor, while monetarism views it as a source of instability