Available market incentives for clean fuel vehicles
a. include carbon allowances for purchasers of hybrid vehicles
b. no longer exist in the United States
c. are tax credits for purchasers of plug-in hybrids
d are limited to international buyers of electric cars
c. are tax credits for purchasers of plug-in hybrids
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In an effort to protect endangered species from the effects of logging in America's national forests, the federal government passes a law prohibiting logging in most of the state of Washington
Which of the figures above best illustrates the effect of this new law? A) Figure A B) Figure B C) Figure C D) Figure D E) None of the above because a prohibition cannot be illustrated using demand and supply figures.
The long-run equilibrium of a monopolistic competitor lies on: a. the minimum point of the average total cost curve
b. the downward-sloping portion of the average total cost curve. c. the upward-sloping portion of the average total cost curve. d. the minimum point of the marginal cost curve.
Which of the following will limit the ability of a union to push the wages of its members much above competitive levels?
a. the presence of nonunion firms that produce the same product as the unionized labor b. foreign competition in the market for the product produced by the unionized labor c. a highly elastic demand for the product supplied by the unionized labor d. all of the above
Assuming that the growth rate of full-employment output is 3%, and that the actual unemployment rate fell 2 percentage points in the last year, Okun's Law predicts that output growth rate over the past year was
A. 5%. B. 7%. C. 3%. D. -1%.