In order to achieve an efficient result, a pollution tax must:
A. be equal to the external cost generated.
B. not be passed through to the consumers of the produced good.
C. be equal to the social cost of production.
D. be shared equally by the producer and the consumer of the produced good.
Answer: A
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When you buy previously issued shares of Twitter stock, this transaction takes place in the
A) primary market. B) bear market. C) bond market. D) secondary market.
An upward-sloping line or curve is used to illustrate:
a. a direct relationship. b. an inverse relationship. c. two unrelated variables. d. the ceteris paribus assumption.
The GDP per capita of the U.S. economy is larger than the GDP per capita of Germany, which proves that the standard of living in the United States is higher than in Germany.
Select whether the statement is true or false. A. True B. False
The figure above shows the demand and cost curves facing a price-setting firm. At what output is marginal revenue $20?
A. 100 units B. 200 units C. 300 units D. 400 units E. 500 units