Marketable pollution rights _____
a. make producers pay for polluting
b. are inherently wrong
c. give producers incentive to internalize external costs
d. do nothing to reduce pollution in the long run
c
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What effect do international norms have on states?
a. They ensure that states follow strict regulations. b. They motivate states to behave in certain ways. c. They have little influence since states increasingly ignore them. d. They outweigh the power and self-interest of states.
The money supply decreased and the AD curve shifted to the left. This is consistent with the
A) Keynesian transmission mechanism when there is neither a liquidity trap nor interest-insensitive investment. B) monetarist transmission mechanism. C) Keynesian transmission mechanism when there is a liquidity trap. D) Keynesian transmission mechanism with interest-insensitive investment. E) a and b
A relatively high wage is predicted to be enjoyed by workers where the
A. population is large relative to industrial activity. B. jobs are disagreeable or dangerous. C. jobs are pleasant and satisfying. D. demand is weak and supply is high.
Human capital is:
A. the talents, training, and education of workers. B. the financial resources available to humans for investment. C. the factories and machinery used by humans in the production process. D. the factories and machinery made by workers.