One advantage about an emissions permit system is that
a. it creates a "license to pollute," sure to be popular with environmentalists.
b. it reduces uncertainty about the quantity of pollution that will be emitted.
c. it is a direct control system and avoids the inefficiencies of a market.
d. permits can be handed out on the basis of need to protect firms from high costs.
b
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A command system is a method of coordinating a firm's productive resources that uses
A) government regulations. B) discipline and punishment. C) a managerial hierarchy. D) survival of the fittest.
When a positive externality exists, _______________________ and thus _______________ intervention may be needed to achieve efficiency.
A. external costs are necessarily greater than private costs; government B. social costs equal private costs; no government C. social costs are less than private costs; government D. social costs are greater than private costs; government E. none of the above
A business cycle is actually a continuous series of different...
What will be an ideal response?
Two goods are complements if an increase in the price of one good leads to an increase in demand for the other.
Answer the following statement true (T) or false (F)