In practice, taxes on emissions of pollutants have been found to
A. be ineffective in encouraging firms to pollute less.
B. significantly reduce pollution by taxed firms.
C. be less reliable in reducing pollution than direct controls on pollution.
D. cause failures of the pricing system.
Answer: B
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If the firm hires security guards to enforce a lockout, what are they implying?
a. They would always accommodate b. They would always bargain hard c. They would not accommodate d. Both B&C
An internet radio broadcast is
a. excludable and rival in consumption. b. excludable and not rival in consumption. c. not excludable and rival in consumption. d. not excludable and not rival in consumption.
The property rights approach to environmental issues often becomes highly relevant in cases involving _______ .
A. greenhouse gas emissions B. harmful affects of acid rain C. endangered species D. fresh water resources
The degree to which an asset can be acquired or disposed of without much danger of any intervening loss in nominal value is known as
A. liquidity. B. a time deposit. C. transaction deposits. D. the opportunity cost of holding cash.