If the government taxes an industry that creates pollution, the tax
i. decreases the pollution.
ii. increases the price of the product produced by the firms.
iii. decreases the quantity of the good produced.
A) i only.
B) ii only.
C) ii and iii.
D) i and iii.
E) i, ii, and iii.
E
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Which of the following kinds of agreements between two or more countries would be an example of a deep integration measure?
A) An agreement to reduce tariffs and quotas B) An agreement to unify customs forms in order to speed up cross-border traffic C) An agreement to impose the same limits on cartels and monopolies D) An agreement to reduce exports E) An agreement to limit imports
Standardized tests are used in efforts to
A. save on paper waste. B. make schools more accountable. C. give teachers more time off. D. shorten school hours.
The demand curve for each seller's product in perfect competition is horizontal at the market price because
A) each seller is too small to affect the market price. B) the price is set by the government. C) all the sellers get together and set the price. D) all the demanders get together and set the price.
The lags of monetary and fiscal policy imply that government stabilization policy is likely to be optimal.
Answer the following statement true (T) or false (F)