Transferable pollution rights allow a given level of pollution reduction to be achieved:
a. at zero cost
b. at higher cost than compliance standards.
c. at lower cost than compliance standards.
d. at higher cost than a system of pollution taxes.
c
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Macroeconomic always deals with ______ economy.
a. aggregate b. international c. personal d. government
PriceQuantity Demanded$510$420$330$240$150Refer to the table above. Starting at a $1 price, at what price range does demand become elastic?
A. $4-5 B. $3-4 C. $1-2 D. $2-3
The possible combinations of goods that can be purchased with a specific income are called the
A) budget constraint. B) indifference map. C) marginal rate of substitution. D) income-consumption curve.
If all countries produce the same good (or the same set of goods) and goods are freely traded among countries, so that the real exchange rate equals one, then the relationship between domestic and foreign prices and the nominal exchange rate is
A. P = enom / PFor. B. P = PFor. C. enom = P × PFor. D. P = PFor / enom.