Cap-and-trade refers to
A) capping emissions and issuing tradeable emissions permits.
B) capping revenue from selling emissions permits.
C) countries trading fishing rights in international waters.
D) capping taxes on firms that engage in international trade.
E) capping the benefits gained from pollution controls.
A
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A monopolist can sell 7 units per day at $7 per unit, or 8 units per day at $6 per unit. Its marginal revenue for the eighth unit of output is: a. $48. b. $6
c. $1. d. -$1.
If the unemployment rate drops, then it necessarily follows that some of the people who were once unemployed are now employed
Indicate whether the statement is true or false
The aggregate demand curve is downward sloping because as the price level increase the
A) purchasing power of wealth decreases B) demand for imports decreases C) demand for interest-sensitive expenditures increases D) demand for domestically produced substitute goods increases E) real value of fixed assets increases
Suppose the aggregate production function is represented by the following: Y = AN. Given this information, labor productivity is given by
A) Y. B) N/A. C) A/N. D) A. E) none of the above