Emission charges, user fees, and pollution fines increase the ________ of polluting.
A. external costs
B. opportunity cost
C. market failure
D. optimal rate
Answer: B
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The greater the curvature of the isoquant:
a. the greater the degree of substitutability between the inputs. b. the lower the possibility of substitution between inputs. c. the higher the impact of a change in relative prices of inputs. d. the lower the prices of inputs.
Using the fiscal year 2017 estimates, the largest component of state and local revenue is the
A) individual income tax. B) corporate income tax. C) revenue from the federal government. D) sales, excise, and gross receipts taxes.
A market in which national currencies are traded by households, firms and governments, is referred to as a(n)
A) foreign exchange market. B) fed funds market. C) international reserves market. D) gold certificate market.
In reality, overall growth and income for the poorest are:
A. highly positively correlated, but not perfectly. B. uncorrelated. C. highly negatively correlated, but not perfectly. D. slightly positively correlated.