If government taxes a firm which pollutes this will
a. increase the demand for the good produced.
b. decrease the supply of the good produced.
c. increase the equilibrium quantity of the good produced in the market.
d. decrease the equilibrium price of the good produced in the market.
e. all of the above.
B
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An increase in labor hours will lead to
A) a shift of the aggregate production function but no movement along it. B) a movement along the aggregate production function but no shift in it. C) both a movement along and a shift in the aggregate production function. D) neither a movement along nor a shift in the aggregate production function.
In the above table, diminishing marginal returns start to occur when the
A) 3rd worker is employed. B) 4th worker is employed. C) 5th worker is employed. D) 6th worker is employed.
What conditions might be required for an import-substitution policy to be effective? What advantages might it bring?
What will be an ideal response?
Who owns the Federal Reserve banks?
A) the private commercial banks in each district which are members of the Federal Reserve System B) those households which have purchased stock in Federal Reserve System C) the federal government D) the governments of the states in which the banks are located