Direct controls are generally much more costly than emissions taxes because
a. under direct controls emissions cutbacks are usually not apportioned among the firms on the basis of their ability to reduce pollution cheaply and efficiently.
b. emissions tax per unit of output is higher than the per-unit direct control program cost.
c. government cannot legally levy emissions taxes that are as high.
d. firms disregard emissions taxes.
a
You might also like to view...
A common resource is nonrival but excludable
Indicate whether the statement is true or false
If the quantity of labor Sam supplies to a job is zero over the realistic range of wages, Sam
a. is either unwilling or unable to perform the job b. has not been hired to do the job c. has not been hired to do the job at the going market wage rate d. is unable to perform the job e. is unwilling to perform the job
A binding minimum wage creates a surplus of labor
a. True b. False Indicate whether the statement is true or false
In a perfectly competitive market, which of the following determines the market price?
A) market demand and a firm's supply B) market supply and a firm's demand C) a firm's demand and its supply D) market demand and market supply