What is the benefit of using market-based policies over command-and-control regulations?
a. Market based policies can achieve the same result at lower costs.
b. Market based policies can achieve the same result at higher costs
c. Market based policies are easier to enforce than command-and-control policies.
d. Market based policies eliminate more pollution than command-and-control policies.
a. Market based policies can achieve the same result at lower costs.
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Which of the following means that the CPI overstates the actual inflation rate?
A) new goods bias B) quality change bias C) outlet substitution bias D) All of the above cause the CPI to overstate inflation.
A rise in the price level will: a. cause an upward movement along the aggregate demand curve. b. cause a downward movement along the aggregate demand curve. c. cause a leftward shift of the aggregate demand curve
d. cause a rightward shift of the aggregate demand curve. e. have no impact on the aggregate demand curve.
In general, the most efficient taxes:
A. are often not the most equitable. B. are often the most equitable. C. raise the most revenues. D. do not raise the most revenues.
The primary job market consists of jobs which _____ and offers a good chance for _______.
Fill in the blank(s) with the appropriate word(s).