The economic efficiency approach to emission control provides the polluting firm with
a. a license produce as much emissions as it wants
b. the option of choosing between focusing on profit or cost
c. a process for determining the optimum quantity of emissions
d. more flexibility in selecting the most cost effective method of control
e. a subsidy for producing additional emissions
D
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What does the slope of the curved line at point A shown in the above figure equal?
What will be an ideal response?
Expansionary monetary policy is achieved by:
A) decreasing the amount of bank reserves and lowering the federal funds rate. B) decreasing the amount of bank reserves and raising the federal funds rate. C) increasing the amount of bank reserves and lowering the federal funds rate. D) increasing the amount of bank reserves and raising the federal funds rate.
If the MPC = 0.75 for a particular person this means that:
A. they will spend 75 cents of each new dollar they get. B. if they receive $1 they want to spend roughly 75%, but probably won’t do so. C. they will spend 25 cents of the $1 and save 75 cents. D. if they receive $1 then they want to spend 25% of it.
A rise in the price of oil would be most likely to cause which of the following in the United States?
a. an economic boom b. an economic slowdown or recession c. a decrease in the general level of prices d. an increase in aggregate demand