Empirical evidence indicates that imposing taxes on polluting emissions by firms
a. has no effect on the amount of pollution emitted.
b. does not give the government leeway to regulate more dangerous emissions differently than less dangerous emissions.
c. does reduce the amount of pollution emitted.
d. discourages firms from investing in new methods of pollution abatement.
c
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Unemployment insurance:
A. is an explanation for why wages do not reach equilibrium. B. can affect how quickly people find jobs. C. will not affect the natural rate of unemployment. D. is a mandated federal policy all states must adhere to.
Economics is primarily:
A. an observational science. B. a normative science. C. a natural science. D. a laboratory science.
If the perceive real wage goes up, real GDP increases:
a. unless the actual real wage remains the same or falls. b. in the short run. c. in the long run. d. all of the above.
Which of the following is the definition for the real supply of money?
A) The stock of money measured in terms of goods, not dollars. B) The stock of high powered money only. C) The real value of currency in circulation only. D) The actual quantity of money, rather than the officially reported quantity. E) The ratio of the real GDP to the nominal money supply.