In a market for emission permits, firms that emit below their allowed limits
A) will buy even more allowances through a trading system.
B) are taxed by the government for the amount of emissions.
C) receive a subsidy for the amount of emissions.
D) will sell their excess allowances through a trading system.
D
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Which consequence is least likely to follow from an increase in the price of gasoline?
A) Decreased demand for automobile tires B) Decreased demand for gasoline C) Increased demand for airline tickets D) Increased demand for fuel-efficient cars E) Increased demand for public transportation
When Americans or foreigners expect the return on ________ assets to be high relative to the return on ________ assets, there is a ________ demand for dollar assets, everything else held constant
A) dollar; foreign; constant B) dollar; foreign; higher C) foreign; dollar; higher D) foreign; dollar; constant
The balance of trade account reflects only transactions associated with the international trade of goods
a. True b. False Indicate whether the statement is true or false
If some resources used in the production of a good are only available in limited quantities, then the long run market supply curve will be perfectly elastic
a. True b. False Indicate whether the statement is true or false