Based on available information about the annual auctions for SO2 allowances
a. only the largest electric utilities are allowed to bid
b. allowance prices have been much higher than predicted
c. allowance prices are unrelated to energy prices
d. prices of SO2 allowances are lower than originally anticipated
d. prices of SO2 allowances are lower than originally anticipated
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It is not optimal to have equal incomes
a. True b. False Indicate whether the statement is true or false
Which of the following situations will arise in the domestic market following the imposition of an import quota?
A. imports increase, domestic production decreases, prices decrease B. imports decrease, domestic production increases, prices decrease C. imports decrease, domestic production decreases, prices increase D. imports decrease, domestic production increases, prices increase
The table above shows data reported by the Office for National Statistics for the United Kingdom in September 2000. In September 2000, the unemployment rate is
A) 5.5 percent. B) 1,619 thousand. C) 3.5 percent. D) 3.7 percent. E) 5.8 percent.
If income increases by 2.0 percent, and quantity demanded of a good increases by 0.2 percent, the income elasticity for the good is
A) 0.22. B) 0.002. C) 0.10. D) 1.00.