The use of pollution charges to reduce pollution confronts the problem of
A. free riders who avoid revealing benefits from abatement.
B. determining specific individual damages and appropriate charges associated with pollutants.
C. necessarily lowering the price of the products.
D. requiring no agency to administer the tax.
Answer: A
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Unlike with Social Security taxes, there is no threshold on earnings beyond which the Medicare tax collection stops
Indicate whether the statement is true or false
The Taylor Principle states that central banks raise nominal rates by ________ than any rise in expected inflation so that real interest rates ________ when there is a rise in inflation
A) less; rise B) more; fall C) less; fall D) more; rise
The motivation for collective action is to do things that benefit society as a whole
a. True b. False
What is the least accurate description of changes in the New World distribution of slaves over time?
a. The West Indies' share of slaves in 1825 was slightly larger than its share of the original transatlantic slave trade. b. The United States was a relatively minor importer of slaves, but grew to hold the largest number of slaves. c. Brazil was the largest importers of slaves from Africa and had one of the largest slave populations in 1825.