Two cities A&B are deciding upon joint pollution laws. Right now they both face identical prices for their housing. If they decide that city A is to be a pollution free city "Clean town" and all the factories would locate in city B "Smogville", in the long run, we expect to see
a. Asthmatics moving to Cleantown
b. Poorer families moving to Smogville
c. Residents in both the cities relocating based on their tolerance for pollution
d. All of the above
d
You might also like to view...
According to the materials balance model
a. recycling permanently eliminates residuals b. only production can damage the environment c. residuals arise from both consumption and production d. only households undertake recycling and reuse
In the United States, who determines monetary policy? What is the major tool used to determine monetary policy?
What will be an ideal response?
Which of the following is true of Simple Keynesian model? a. Price level increases with an increase in aggregate demand
b. The aggregate supply curve is assumed to be perfectly inelastic. c. The aggregate demand curve is assumed to be perfectly elastic. d. Price level is solely determined by the aggregate demand curve. e. Changes in aggregate demand determines equilibrium real GDP.
One of the key reasons why monopolies exist is:
A. there is easy entry and exit into and out of the market. B. the goods sold are highly inaccessible to buyers. C. geographical differences. D. there are barriers to entry into the market.