The Clean Air Act aids new entrants in a regulated industry when demand increases and provides an incentive for existing firms to invest in new antipollution technology by:
A. allowing pollution permits to be traded within the industry.
B. allowing pollution permits to be traded within the industry and allowing pollution permits to be traded across industries.
C. restricting pollution permits from being traded.
D. allowing pollution permits to be traded across industries.
Answer: B
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An improvement in productivity will usually increase profits
a. True b. False Indicate whether the statement is true or false
One-third of the world's population live in China and India. How did the growth rate of these two countries compare with the growth of high income industrial countries during 1980-2009?
a. Per capita GDP increased less rapidly in China and India than in the high income industrial countries. b. Per capita GDP increased more rapidly in China and India than in the high income industrial countries. c. China grew more rapidly than the high income industrial countries, but India grew less rapidly. d. India grew more rapidly than the high income industrial countries, but China grew less.
Capital flight refers to:
A. the tendency of large corporations of IACs to build new plants in the DVCs because labor is cheaper. B. DVC citizens accumulating or investing their savings in the IACs. C. the high international mobility of speculative funds caused by variations in exchange rates. D. the tendency of DVCs to overinvest in commercial aircraft.
A price-discriminating firm will always maximize profit by following the condition that
a. MR > MC. b. MR > P. c. MRa = MRb = MC. d. MR = ATC.