The key components of a tradeable pollution permit system include
a. a deposit that covers the MEC of improper waste disposal
b. the issuance of a fixed number of permits
c. a means through which permits can be exchanged among polluters
d. all of the above
e. (b) and (c) only
e. (b) and (c) only
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Recent evidence suggests that output per worker is
A) positively related to both the rate of investment and to the rate of population growth. B) positively related to the rate of investment and negatively related to the rate of population growth. C) negatively related to the rate of investment and positively related to the rate of population growth. D) negatively related to both the rate of investment and to the rate of population growth.
One of the potential social benefits of the Bitcoin is:
a. It can be used instead of a domestic currency in times of financial stress and exchange rate controls. b. It can free individuals from harmful monopoly currencies. c. It can be programmed to increase at a rate that guards against over-issuance. d. All of the above are true.
To say that a firm is competitive in the labor market is to say that the firm
a. has little or no control over the number of workers it hires. b. has little or no control over the wage it pays its workers. c. is aggressive in pursuing the most skilled workers in the labor market. d. is aggressive in trying to keep its workers' wages low.
The tax-or-subsidy approach for solving externality problems was developed by
A. Ronald Coase. B. Arthur Pigou. C. Bertil Ohlin. D. Eli Heckscher.