Economists generally prefer to deal with emissions of pollutants
a. with direct controls.
b. by encouraging people not to pollute.
c. by subsidizing the installation of pollution-control equipment.
d. by taxing emissions.
d
You might also like to view...
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, a decrease in unemployment may be represented by the movement from
A. B to A. B. C to D. C. B to D. D. A to C.
Equilibrium GDP on the demand side occurs when total spending
A. equals total production, and inventories are zero. B. equals total production, and firms are unable to adjust inventories. C. exceeds total production, and inventories are rising. D. equals total production, and inventories remain at desired levels. E. is less than total production, and inventories are falling.
Which of the following is not one of the work disincentive criticisms of welfare programs?
A. Welfare provides income that is easier to obtain than by working, so poor are induced to reduce their work effort. B. Because welfare benefits are paid for with money collected from taxes and these taxes reduce take home pay for those working, the reward for work is reduced. C. Bureaucracy associated with welfare results in more money in the hands of bureaucrats than in the hands of the poor. D. The more a welfare recipient earns from a job, the fewer the benefits he or she receives.
For this question, assume that there are decreasing returns to capital, decreasing returns to labor, and constant returns to scale. A reduction in the capital stock will cause which of the following?
A) a reduction in output B) no change in output C) an increase in output per capita D) increase the capital-labor ratio E) none of the above