In 2017, economists working at the U.S. Department of Treasury's Office of Tax Analysis have estimated that the marginal social cost of carbon dioxide emissions was about
A) $7 per metric ton.
B) $32 per metric ton.
C) $49 per metric ton.
D) $70 per metric ton.
Answer: C
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When the government deliberately alters its level of spending and/or taxes in order to achieve specific national economic goals, it is exercising
A) a laissez-faire policy. B) discretionary fiscal policy. C) monetary policy. D) a Ricardian policy.
Which of the following barriers to entry into a market is most beneficial from society's perspective?
A) Economies of scale. B) Ownership of an essential productive resource. C) Brand loyalties. D) Consumer lock-in and switching costs.
An advantage of a partnership is that they:
a. have unlimited life b. never fail due to disagreements c. can attract financial capital easier d. have limited liability
An increase in U.S. taste for European goods will lead to ______ demand for euros and a(n) ______ exchange rate for the euro.
a. increased; lower b. decreased; lower c. increased; higher d. decreased; higher