Comparing a uniform abatement policy, pollution tax and a command-and-control policy, which one the is most efficient approach in dealing with pollution?
A. pollution tax
B. uniform abatement
C. command-and-control
D. All of these are equally efficient
Answer: A
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When a good suddenly becomes more scarce in a free market, caused by a significant increase in consumer demand, then
A) it is a clear sign that households have become more greedy. B) the price will tend to rise rapidly in light of the greater scarcity. C) suppliers will gain in the exchange and buyers will lose. D) the law of demand will be contradicted because people will be buying more, not less, at a higher price. E) all of the above are true.
When Roxanne, a U.S. citizen, purchases a designer dress from Barneys of New York that was made in Milan, the purchase is
A) a U.S. import and an Italian export. B) both a U.S. and an Italian import. C) a U.S. export and an Italian import. D) neither an export nor an import for either the United States or Italy.
Relational contracts contract for every possible contingency
Indicate whether the statement is true or false
If depositors become worried about the safety of their deposit accounts, they may trigger a
a. deposit surplus. b. bank run. c. fiscal policy crisis. d. required reserve increase.