An emissions fee is preferable to a cap-and-trade when MSB are elastic and costs are uncertain.
A. True
B. False
C. Uncertain
A. True
Economics
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Assume the economy is operating at a real GDP above full-employment real GDP. Classical economists would prescribe which of the following policies?
A. nonintervention B. active monetary policy C. contractionary D. expansionary
Economics
When a firm is experiencing decreasing marginal costs, it implies
a. marginal productivity is decreasing b. workers are getting more unproductive c. a constant marginal productivity d. increasing marginal productivity
Economics
Choose the letter of the curve in Figure 1.2 that best represents a production possibilities curve for two goods that obey the law of increasing opportunity costs:
A. A. B. B. C. C. D. D.
Economics
On the graph, label the short-run and long-run supply curves.
Economics