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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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
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
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