A tradable emissions permit program is efficient because the cap protects the environment while:
a. generating substantial revenues for the government
b. keeping compliance and administration costs relatively low.
c. while requiring the same response by each polluter.
d. none of above
b
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Table 30.2Number of stylists (per week)Total output (per week)Marginal physical product (output per stylist)Total revenue (dollars per week)Marginal revenue product (dollars per stylist)00---________---160________________________280________________________390________________________490________________________Table 30.2 shows how many hairstyling appointments a hair salon can schedule per week based on the number of stylists. In the spaces provided, compute the marginal physical product (MPP) of the hair stylists, total revenue, and marginal revenue product of the stylists, assuming that a hair stylist charges $60 per appointment. In Table 30.2, as more stylists are hired,
A. There are economies of scale. B. There are diseconomies of scale. C. MRP increases. D. There are diminishing returns.
Corporate taxes are a direct tax.
Answer the following statement true (T) or false (F)
If the value of the U.S. dollar changes from 1.2 euros to 1.4 euros, we would expect that the United States would experience a ________ in exports and a ________ in imports
A) rise; rise B) fall; fall C) rise; fall D) fall; rise
By the height of the housing bubble in 2005 and early 2006, lenders had greatly loosened the standards for obtaining a mortgage loan, with many mortgages being granted to sub-prime borrowers ________ and "Alt-A" borrowers ________
A) with flawed credit histories; who did not document their incomes B) who borrowed money at rates below the prime interest rate; who had AAA credit ratings C) who purchased homes in depressed housing markets; who purchased homes which were repossessed by government agencies D) who borrowed more than 120 percent of the value of the house; with no proof of U.S. citizenship