The environmental approach found in the Clean Air Act of 1990 is:
a. marketable pollution permits.
b. price caps.
c. command-and-control regulation.
d. a thousand points of light.
a
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Spending on goods from a country will ________ as the value of its currency gets cheaper against the U.S. dollar
A) increase B) decrease C) reverse D) go to other countries
The free-rider problem arises if goods are
A. nonrivalrous in consumption. B. rivalrous in consumption. C. nonexcludable. D. excludable. E. a and d
A Monetarist-oriented econometric model is likely to emphasize that monetary policy affects economic activity
A) directly through changes in government spending. B) directly through changes in the money supply. C) indirectly through changes in velocity. D) indirectly through changes in money demand.
While GDP includes spending on recreation and travel, it does not cover ____________, which is also part of the standard of living.
a. leisure time b. overtime c. sick time d. play time