How does a pollution tax decrease the volume of? pollution?
How does a pollution tax decrease the volume of? pollution?
A.
Less of the polluting good is demanded.
B.
Each unit of the polluting good generates less pollution.
C.
More pollution permits are purchased.
D.
All of the above.
E.
Only A and B.
E.
Only A and B.
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The marginal social cost, MSC, of producing a good or service equals
A) MC + MB. B) MB + marginal external cost. C) MB + marginal external benefit. D) MC + marginal external cost.
When voluntary exchange takes place, only one party gains from the exchange
Indicate whether the statement is true or false
Which of the following has contributed to developing countries' poor economic performance?
A) low population growth B) corruption C) high capital investment D) foreign direct investment
If sellers do not adjust their quantity supplied at all in response to a change in price, the price elasticity of supply is
a. zero, and the supply curve is horizontal. b. zero, and the supply curve is vertical. c. infinity, and the supply curve is horizontal. d. infinity, and the supply curve is vertical.