A person who is not working, but actively seeking employment, is considered to be out of the labor force
Indicate whether the statement is true or false
F
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Disposable income is National income
A) less taxes collected from households and firms by the government. B) plus net taxes collected from households and firms by the government. C) less net taxes collected from firms by the government. D) less net taxes collected from households by the government. E) less net taxes collected from households and firms by the government.
Natural oligopolies occur when
a. the government establishes a market with a few large producers b. the market output could be produced at a higher cost by several large firms rather than many small firms c. there are no barriers to entry d. the total market output could be produced at a lower cost by several large firms rather than many small firms e. one large firm can produce the total market output at a lower cost than several smaller firms could
Taking advantage of the built-in-loophole in emission taxes implies
a. opportunity to save on taxes by reducing emissions. b. opportunity to avoid taxes even without cutting emissions. c. opportunity to increase emission by paying more tax. d. opportunity to pay less by increasing emission.
If the marginal cost of reducing pollution is positive, then:
A. the optimal amount of pollution is zero. B. the marginal benefit of reducing pollution is zero. C. the optimal amount of pollution is greater than zero. D. pollution should be reduced as much as technically feasible.