In North Carolina, a car must pass an emissions test before it can be registered. The emissions test costs $20 per car. This system is an example of
a. direct controls on pollution.
b. a per-unit emissions tax.
c. a "license to pollute."
d. subsidies for nonpollution.
a
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The price index that measures the prices of goods and services purchased by firms is called the:
A. producer price index. B. purchasing power index. C. consumer price index. D. retail sales index.
The MPP of capital is defined as the
a. change in total output divided by the change in loanable funds b. change in loanable funds divided by the change in total output c. contribution of loanable funds to the final product d. change in total cost attributed to employing one more unit of loanable funds e. change in output generated by employing one more unit of loanable funds
How is the dividing line between poverty and nonpoverty measured? Does this method overstate the degree of poverty?