Pollution rights can generate considerable cost savings over the traditional regulatory system of fixed discharge standards that do not allow the market process to allocate emissions reductions efficiently
Indicate whether the statement is true or false
true
Economics
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Protection in the form of tariffs or quotas is a very inefficient tool for job creation and preservation
Indicate whether the statement is true or false
Economics
What is the difference between a sterilized and non-sterilized central bank intervention in the foreign exchange market?
What will be an ideal response?
Economics
In the long run, a firm should exit the industry if its total costs exceed its total revenues
a. True b. False Indicate whether the statement is true or false
Economics
If a country can produce cars with a lower opportunity cost than its trading partners, then it must have a:
A. Low market price for cars. B. Comparative advantage in cars. C. A trade deficit. D. A trade surplus.
Economics