The recent U.S. national initiatives to control GHGs from mobile sources
a. includes market-based components such as CO2emissions trading
b. provides negative net benefits to society, according to estimates
c. will reduce carbon dioxide emissions but offers no savings of oil consumption
d. was finalized by the Department of Agriculture and the EPA
a. includes market-based components such as CO2emissions trading
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Which of the following will be included in the calculation of GDP using the expenditure method?
A) A bank's payment of interest to its customers B) A worker's wage C) A firm's payment of employee bonuses D) A domestic producer's export of clothes
Economic theory assumes people make decisions by weighing additions to cost against additions to benefit, which can best be described as
A) additivism. B) capitalism. C) marginalism. D) opportunism. E) rationalism.
With a proportional tax
A) a poor household pays a larger percentage of its income in taxes than a rich one. B) a rich household pays a larger percentage of its income in taxes than a poor one. C) all households pay the same total amount of tax. D) all households pay the same percentage of their income as taxes.
Positive economic profits exist for a firm in the long run if price is above
a. long-run average cost. b. long-run marginal cost. c. long-run total cost. d. long-run variable cost.