Which of the following is NOT a possible solution to the problem of pollution?
A) subsidizing the costs of production of activities that generate pollution
B) converting a resource that is communally owned into a privately owned resource
C) regulating the quantity of pollution that can be generated
D) imposing a pollution tax on producers
A
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Using the formula for an infinite sum, if "r" designates the reserve ratio, the 1 / reserve ratio would equal
A) (1 - r). B) 1 / (1 - r). C) r / (1 - r). D) 1 / [1 - (1 - r)].
The steeper an isoquant is
A) the greater is the marginal product of labor relative to that of the marginal product of capital. B) the greater is the substitutability between capital and labor. C) the greater is the need to keep capital and labor in fixed proportions. D) the greater is the level of output.
When selecting explanatory variables to include in a regression
A) you should pick all observable variables available. B) you should pick all observable variables that are likely to have a meaningful impact on the dependent variable. C) ignore all variables that have t-statistics less than the critical value. D) ignore variables that have an R2 less than 1.
The development of a low-cost synthetic fuel is expected to cause a decrease in the price of oil
a. True b. False Indicate whether the statement is true or false