Most economists agree that exclusive reliance on direct controls
A. is more advantageous than voluntarism and emissions taxes.
B. has been accepted by most polluting firms.
C. is cheaper than any other enforcement mechanism.
D. will penalize firms that can be more efficient using other controls.
Answer: D
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A) medium of exchange. B) store of value. C) measurement of inflation. D) unit of account. E) token of bartering.
Which of the following is a solution to the problem of moral hazard in the labor market?
A) Provision of real wages B) Provision of nominal wages C) Provision of efficiency wages D) Provision of minimum wages
The primary indicator of the Fed's stance on monetary policy is
A) the discount rate. B) the federal funds rate. C) the growth rate of the monetary base. D) the growth rate of M2.
The general view of the governments of middle- and low-income countries such as Brazil, Nigeria, India, and China is that environmental protection is
a. a necessity. b. illegal. c. a luxury. d. undemocratic.