Firms that are most likely to buy marketable pollution rights are those that produce the most pollution per unit of output produced
Indicate whether the statement is true or false
False. Firms that will buy pollution rights are those whose products are worth a lot relative to the harm from pollution they create.
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According to this Application, the more unhappy unemployed individuals were
A) the more likely they were to remain unemployed. B) the longer they collected unemployment benefits. C) the more they congregated around others who were unemployed. D) the more aggressive they would be to try to find a job.
In the Solow growth model, an increase in the savings rate
A) raises steady state per capita output. B) raises the growth rate in aggregate output. C) must reduce per capita consumption. D) must reduce the standard of living.
A firm estimates its long-run production function to beQ = -0.0075K3L3 + 12K2L2Suppose the firm employs 12 units of capital. Average product when 10 units of labor are employed is
A. 12,248 B. 15,984 C. 30,672 D. 14,287 E. 13,142
Based on this figure, if the krone exchange rate is fixed at $0.09 dollars per krone, the krone is:
A. devalued. B. undervalued. C. revalued. D. overvalued.