By 2006, the market price of European Union emissions allowances dropped because
A. governments set their overall emission caps too high.
B. firms underreport their emission amounts.
C. the market did not clear.
D. firms had drastically reduced their emissions.
Answer: A
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A possible outcome of the multilateral approach to free trade is that such an approach can
a. win political support when a unilateral approach cannot. b. result in more restricted trade than under a unilateral approach, when international negotiations fail. c. result in drastic reductions in tariffs for many countries. d. All of the above are correct.
Show graphically the effect of technological advance on the price of music downloads. In a separate graph show what happens to the price of CDs as a secondary effect of the new download technology
What possibilities exist to explain the claim made by many professional portfolio managers that they can exceed the average stock market return year after year?
What will be an ideal response?
Which of the following is a major justification for public aid to agriculture in the United States?
A. The demand for farm products is income elastic B. Technological progress has greatly reduced the demand for farm products C. Farmers sell their products in highly imperfect markets and buy resources in highly competitive markets D. Farmers are subject to extraordinary hazards that are hard to insure against