Free trade allows the people of a country to produce outside their production possibility frontier.
Answer the following statement true (T) or false (F)
False
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Which of the following is considered a depository institution?
I. the U.S. Treasury II. a commercial bank like Citibank III. a credit union for federal government employees A) I only B) I and II C) II and III D) I, II and III
How does an increase in real GDP affect the demand for money curve?
What will be an ideal response?
The following table shows four firms, the amount each pollutes, the marginal cost for each firm to clean up pollution, and the total cost to each firm of eliminating all pollution.FirmTotal Discharge (in tons)Marginal Cost of Cleanup(per ton)Total Cost of CleanupA60$5.00$300B70$8.00$560C80$7.50$600D90$4.00$360The total discharge of these four companies is 300 tons. Assume there is no one else who pollutes and these firms want to maximize profits. If the government wishes to cut discharge by 50 percent, it could do so by establishing an effluent fee of:
A. $5.50 per ton. B. $10.00 per ton. C. $3.00 per ton. D. $4.50 per ton.
Discuss some of the general conclusions arrived at about supply-side tax initiatives