What would happen to the optimal amount of pollution if studies found dangerous effects of SO2  cause cancer and the government takes away subsidies to companies for cleaning up their pollution?

A. Uncertain
B. Increase
C. Stay the same
D. Decrease


Answer: A

Economics

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The production possibilities curve in Figure 2.1 illustrates the notion of

A) opportunity cost. B) increased factory goods production. C) diminishing resources. D) increased farm produce production.

Economics

What is an imperfectly competitive industry?

What will be an ideal response?

Economics

Tax revenue is greater the more price elastic the demand curve

Indicate whether the statement is true or false

Economics

About what price per barrel of oil is necessary for biodiesel to become economically viable as an alternative energy source?

A. $30 per barrel B. $50 per barrel C. $100 per barrel D. $80 per barrel

Economics