If the marginal benefit of reducing emissions of some air pollutant is less than the marginal cost
A) economic efficiency will be increased if further reductions are made.
B) pollution taxes should be imposed on producers to pay for further reductions.
C) further reductions will make society better off.
D) further reduction will make society worse off.
D
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A futures contract is
A) an agreement that specifies the delivery of a commodity or financial instrument at an agreed-upon future date at a currently agreed-upon price. B) an agreement that specifies the delivery of a commodity or financial instrument at an agreed-upon future date, with the price to be negotiated at the time of delivery. C) an agreement that specifies the delivery of a commodity or financial instrument at a currently agreed-upon price, with date of delivery to be negotiated subsequently. D) an agreement that specifies the delivery of a commodity or financial instrument, with the price and date of delivery to be negotiated subsequently.
Compared to the Erie Canal, the primary disadvantage of Pennsylvania canals was
a. state government resistance to providing funds for canal building. b. the steep, mountainous terrain of Pennsylvania. c. a pre-existing network of railroads in Pennsylvania. d. lack of adequate rainfall in Pennsylvania.
The principal innovation that increases the safety of bank deposits is
a. computerized accounting systems. b. credit cards. c. automatic teller machines. d. deposit insurance.
Which of the following is true about diversity of citizenship jurisdiction?
a) Diversity of citizenship jurisdiction means that many lawyers enjoy the higher status that comes in practicing before the federal bench b) Defendant' attorneys know that removal is common and that it will move the case along faster by filing in federal court to begin with c) Defense lawyers believe that there is sometimes a "home-court advantage" for a nonresident plaintiff who brings a lawsuit against an in-state in his local state court d) The Constitution established diversity jurisdiction because it feared that local courts would be generous toward people from other states.