A system of transferable pollution rights:
a. increases the quantity of pollution generated
b. provides firms with an incentive to develop new pollution-abatement technologies.
c. is not as cost-effective in reducing pollution as a system based on compliance standards.
d. is characterized by none of the above.
b
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In a perfectly competitive market, _____
a. short-run profits attract other firms to the market b. there are significant barriers to entry c. firms sell highly differentiated products d. firms are price makers
Which of the following statements is not true?
A. Transaction deposits make up less than 10 percent of banks sources of funds. B. The largest sources of funds for banks are non-transactions accounts. C. Borrowing is a larger source of funds for banks than transaction deposits. D. The largest source of funds for banks to lend comes from the owner's capital.
Economists measure opportunity cost
A) as equal to the sum of all the sunk costs. B) only when it is on the margin. C) as the best thing given u
How can banks measure interest-rate risk?
What will be an ideal response?