The Clean Air Act of 1970
a. set up a depletion tax system
b. reduced air pollution standards
c. recognized air as a resource
d. established a system of transferable pollution rights
e. forbade producers to emit any pollutants into the air
C
You might also like to view...
The figure above shows the marginal revenue and costs of a perfectly competitive firm. When 170 units are produced, the
A) firm has total revenue of $2,720. B) firm's total costs are less than $2,720. C) firm is making an economic profit. D) All of the above are true.
Direct finance involves ________
A) borrowing monies from commercial banks B) issuing securities in financial markets C) borrowing from the Federal Reserve System D) issuing insurance policies
The "no shirking constraint" (NSC) curve never crosses the supply of labor curve, so
A) the market never reaches equilibrium. B) there is always full employment in equilibrium. C) there is always some unemployment in equilibrium. D) the efficiency wage is always lower than the market-clearing wage. E) the gap between the NSC curve and the supply of labor curve equals the difference between the efficiency wage and the market-clearing wage.
The government should subsidize the production of goods which generate a positive externality
a. True b. False Indicate whether the statement is true or false