One of the characteristics of the cap-and-trade system is that
A. there is no way to ensure that pollution is reduced below some allowable total amount.
B. it is more expensive than a command-and-control system.
C. it is inflexible, and does not respond well to differences in the marginal cost of pollution reduction.
D. it reduces the economic damage that would have been done by a command-and-control system.
Answer: D
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Refer to Table 9-17. Looking at the table above, real average hourly earnings between 2015 and 2016 changed by
A) 1.2%. B) 4.5%. C) 9.9%. D) 14.5%.
The business cycle is actually a continuous series of different
What will be an ideal response?
If average cost is falling, marginal cost must also be falling.
Answer the following statement true (T) or false (F)
Tax cuts on business income ________ aggregate demand
A) would decrease B) would increase C) would not change D) may increase or decrease