The government can aid in reducing pollution by using a policy of cap-and-trade, which means that polluters are taxed on the amount of pollution they discharge
Indicate whether the statement is true or false
FALSE
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Describe in general terms four or five characteristics of less-developed countries
A program of countercyclical payments is best classified as a federal
A) Price support program. B) Farm cost subsidy. C) Income support program. D) Acreage set-aside.
If demand is estimated to be Qd = 240 - 6P, the marginal revenue function is
A. MR = 240 - 6P. B. MR = 240 - 2Q. C. MR = 240 - 12P. D. MR = 40 - 2P. E. MR = 40 - 0.33Q.
In the long run perfectly competitive
A. firms will accept losses if there is the hope of someday turning a profit. B. firms will not accept anything less than a profit rate greater than the going interest rate. C. firms will accept zero economic profits. D. firms must have revenues greater than explicit and implicit costs.