When the federal government orders firms to use particular methods to reduce pollution, it is said to be using
A) market-based policies.
B) global initiatives.
C) strong-arm tactics.
D) command-and-control policies.
D
You might also like to view...
Which of the following barriers to entry can best explain the continued success of a product that has been shown to be, in some way, harmful to the health of consumers?
A) Patent. B) Consumer lock-in. C) Brand loyalty. D) Ownership of an essential resource.
If the nominal GDP is $12,000 in 2005 and $15,000 in 2006, and if inflation is 10% between these years, then
a. employment fell between 2005 and 2006. b. real GDP fell between 2005 and 2006. c. real GDP rose between 2005 and 2006. d. the economy experienced no growth between these years. e. everyone is rich now than they were before.
The deadweight loss of an income tax is determined by the
a. amount of total tax revenue to the government. b. marginal tax rate. c. average tax rate. d. ability-to-pay principle.
Banks are different from other financial intermediaries because
A) banks receive funds and make loans. B) some of a bank's deposits are money. C) banks can conduct open market operations on their own. D) banks do not need to hold reserves against their deposits. E) banks are open longer hours.