Which of the following statements is not correct?
a. Corrective taxes can be used to place a price on the right to pollute.
b. Corrective taxes allocate pollution to those producers who face the highest cost of reducing pollution.
c. Corrective taxes provide incentives to develop cleaner technologies.
d. Corrective taxes require the government to set a target level of pollution.
d
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The price of a stock is equal to the present value of expected future dividend payments from the stock
Indicate whether the statement is true or false
Which of the following would shift the supply curve for MP3 players to the right?
A) an increase in the price of a substitute in production B) an increase in consumer income (assuming that all MP3 players are normal goods) C) a decrease in the number of firms that produce MP3 players D) a decrease in the price of an input used to produce MP3 players
Suppose that in 2018, all prices in the economy double and that all wages and salaries also double. In 2018 you
A) are worse off than you were in 2017 as you can no longer afford to buy as many goods and services. B) are better off than you were in 2017 as your salary is higher than it was in 2017 and you can now buy more goods and services. C) are no better off or worse off than you were in 2017 as the purchasing power of your salary has remained the same. D) cannot determine whether you are better off or worse off than you were in 2017, because the purchasing power of your salary cannot be determined.
Dumping is defined as
A. selling a good abroad at prices below its cost of production or below the price charged in the home market. B. exporting goods that are sources of pollution. C. exporting goods that are of inferior quality. D. selling a good abroad at prices above the costs of the firms in the foreign countries.