Which of the following statements is correct?
a. The ideal solution to a pollution problem is to reduce pollution until it is technologically impossible to reduce it any further.
b. The ideal and fair solution to a pollution problem is to impose identical compliance standards on all polluting firms.
c. Charging firms for transferable emissions permits is a more efficient way of dealing with pollution than are compliance standards.
d. A per-unit pollution tax is a more efficient way of dealing with pollution than is a system of transferable emissions permits.
c
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The money supply will increase by a multiple of the increase in bank reserves created by the central bank unless:
A. banks' desired reserve/deposit ratio is 0.20. B. there is fractional reserve banking. C. there is 100 percent reserve banking. D. the public holds no currency.
As part of the "wealth channel of monetary policy," a higher money supply __________ interest rates and thus __________ bond prices
A) raises; raises B) raises; lowers C) lowers; raises D) lowers; lowers
Identify the main characteristics of a matrix form organization
If the price of hot dogs were to decrease, which of the following changes would we expect to occur in the hot dog bun market?
a. The equilibrium price of hot dog buns would decrease and the quantity of hot dog buns sold would increase. b. The equilibrium price of hot dog buns would increase and the quantity of hot dog buns sold would decrease. c. The equilibrium price of hot dog buns would increase and the quantity of hot dog buns sold would increase. d. The equilibrium price of hot dog buns would decrease and the quantity of hot dog buns sold would decrease. e. The equilibrium price of hot dog buns would stay the same and the quantity of hot dog buns sold would increase.