In the economic way of thinking, a tax on pollutants
A) unfairly places the burden of pollution reduction on the poor.
B) is inefficient because it won't reduce pollution to zero.
C) tries to alter relative money costs to reflect new decisions about who has which rights.
D) cannot be labeled unfair as long as the tax revenues are used to fund public works projects.
C
You might also like to view...
Answer the following statement(s) true (T) or false (F)
1. A drafted army can be unnecessarily costly in two ways: it can be the wrong size or it can consist of the wrong people. 2. A draft is better for society because it is less costly than a volunteer army. 3. The Fabian argument that confiscation of rents would not lower social welfare overlooks the costs of resource misallocation. 4. The use of signals in an economy is both individually rational and socially efficient. 5. Because of adverse selection, no good used cars ever change hands.
The absence of cyclical unemployment means the economy is at the natural unemployment rate
Indicate whether the statement is true or false
Outsourcing refers to the process in which: a. a firm purchases service from another firm in another country. b. a firm hires laborers from a foreign market. c. the government of a country works toward providing social security and other rights to migrant workers. d. a firm purchases service from another firm
e. workers of a particular country seek employment in a firm of a foreign country.
The Lucas supply function, in combination with the assumption that expectations are rational, implies that an announced monetary policy change will lead to
A. a negative price surprise. B. a positive price surprise. C. a positive price surprise for expansionary monetary policy and a negative price surprise for contractionary monetary policy. D. no price surprise.