In North Carolina, a car must pass an emissions test before it can be registered. The emissions test costs $20 per car. This system is an example of
A. direct controls on pollution.
B. a per-unit emissions tax.
C. a “license to pollute.”
D. subsidies for nonpollution.
Answer: A
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Union activity in late 19th and early 20th centuries in the United States
a. was largely apolitical at the national level. b. was the impetus for several national parties. c. relied heavily on help from the federal government. d. None of the above is correct.
Most economists believe that in the short run
a. real and nominal variables are determined independently and that money cannot move real GDP away from its long-run trend. b. real and nominal variables are determined independently but that money can temporarily move real GDP away from its long-run trend. c. real and nominal variables are highly intertwined but that money cannot move real GDP away from its long-run trend. d. real and nominal variables are highly intertwined and that money can temporarily move real GDP away from its long-run trend.
What is one way to eliminate the Tragedy of the Commons?
a) increase access to the commons b) provide more public land for recreation c) increase law enforcement in public areas d) limit access to the commons
What is comparative advantage? What is absolute advantage?
What will be an ideal response?