Transferrable pollution permits make pollution reduction______.
a. unnecessary
b. illegal
c. expensive
d. profitable
d. profitable
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Suppose that recycling rubber for sneakers creates an external benefit of $2.00 per ton of rubber. There are no external costs. The efficient amount of rubber will be recycled when the government creates a
A) subsidy of more than $2.00 per ton of rubber. B) subsidy of $2.00 per ton of rubber. C) tax of more than $2.00 per ton of rubber. D) tax of $2.00 per ton of rubber.
The Law of Supply ensures that supply curves slope upward
Indicate whether the statement is true or false
Property rights need to be secure
A) to promote economic development. B) to encourage environmentalism. C) to promote an equal distribution of income. D) all of these choices.
When you withdraw $1,000 from your bank account:
A. both your and the bank's financial assets rise by $1,000. B. the bank's financial liabilities and assets fall by $1,000, and you have exchanged one financial asset for another. C. the bank's financial assets fall by $1,000 and your financial liabilities rise by $1,000. D. the bank's financial liabilities fall by $1,000 and your financial assets rise by $1,000.