An ideal pollution control policy:
a. would reduce pollution to zero
b. would reduce pollution to the socially efficient level.
c. discourage firms from wasting time developing abatement technologies.
d. reduce pollution as quickly as possible, regardless of the cost.
b
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The reason the marginal cost curve increases as output increases for the typical firm is because
A. more productive resources must be employed as a firm increases output. B. less productive resources must be employed as a firm increases output. C. of diseconomies of scale. D. of diminishing marginal benefit.
Which of the following futures contracts is available on the various commodity exchanges in the United States?
A) Treasury bond futures B) Investment-grade bonds C) Over-the-counter stocks D) U.S. savings bonds
All of the following are examples of entry barriers, except
a. Government protection through patents or licensing requirements b. Strong brands c. Low capital requirements for entry d. Lower costs driven by economies of scale
When the Fed makes a discount loan, the impact on the Banking System's balance sheet is:
A. an increase in assets and a decrease in liabilities. B. the same as that of an open market purchase. C. an increase in liabilities with no change in assets. D. a decrease in assets and an increase in liabilities.