Taxes on emissions have
A. led to firms discovering costless methods of extraction of pollutants from liquid discharges.
B. led to increased waste disposal of pollutants.
C. led to voluntary reduction in emissions to avoid the taxes.
D. not been an efficient penalty. Firms continue to pollute.
Answer: C
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In the first half of 2008, food and energy costs in the United States increased. At the same time, the financial crisis slowed production. As a result, economists warned that the economy would
A) suffer an inflationary gap. B) see a decrease in aggregate demand and an increase in long-run aggregate supply. C) experience stagflation. D) see an increase in potential GDP.
If a subsidy was imposed on an industry whose production imposed external benefits on others, then the goods' consumers of the good would be ____ and the result would be a(n) ____ in efficiency
a. better off; increase. b. better off; decrease. c. worse off; increase. d. worse off; decrease.
Expansionary fiscal policy involves
A. a decrease in government spending and/or an increase in taxes. B. only an increase in taxes. C. an increase in government spending and/or a decrease in taxes. D. only a decrease in government spending.
Which of the following provides a measure of the overall fit of a regression?
A. The t-statistic and the P-value B. P-value C. t-statistic D. F-statistic