Which of the following policies is an example of a command-and-control policy?
a. subsidies to education
b. maximum levels of pollution that factories may emit
c. tradable pollution permits
d. None of the above is an example of a command-and-control policy.
b
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If the price of gasoline increases significantly, then we'd expect the price for hybrid and electric cars to
A. increase, and the quantity to decrease. B. increase, and the quantity increase. C. decrease, and the quantity to decrease. D. decrease, and the quantity to increase.
If the labor supply curve is very elastic, a tax on labor
a. has a large deadweight loss. b. raises enough tax revenue to offset the loss in welfare. c. has a relatively small impact on the number of hours that workers choose to work. d. results in a large tax burden on the firms that hire labor.
If your research leads you to believe that the present value of a stock's dividend stream and future price is less than its price then you believe the stock is
a. overvalued so you should consider buying it. b. overvalued so you should not consider buying it. c. undervalued so you should consider buying it. d. undervalued so you should not consider buying it.
A credible threat is:
A. in the threatener's interest to carry out. B. possible to carry out. C. not in the threatener's interest to carry out. D. legally enforceable.