One World View article titled "Paying to Pollute" reports that the price of a marketable pollution permit in Europe for a ton of carbon dioxide is about $32. The principal advantage of pollution permits is to
A. Eliminate social costs.
B. Increase government involvement in pollution control.
C. Reduce pollution to zero.
D. Reduce the costs of pollution control.
Answer: D
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The available credit limit we have in a credit card reflects the amount of money we hold in our savings account
a. True b. False Indicate whether the statement is true or false
Consumer surplus increases as
a. the market price of a good decreases b. firms exit the market c. fewer consumers purchase a good d. taxes on a good increase e. a good is no longer available for sale
Which country had the highest percentage of the adult population with at least a post-high school degree in 2009?
a. Italy b. United Kingdom c. Japan d. Canada
When the price of a good increases,
a. the opportunity cost of producing the good will increase, causing the supply to fall. b. the quantity demanded will decrease. c. the quantity supplied will decrease. d. the quantity demanded will also increase.