An effluent fee
a. is a dollar value added to the price of a pollution-generating product
b. is a command-and-control instrument
c. can be based upon the degree of harm linked to the contaminant being released
d. cannot be linked to the quantity of pollution released
c. can be based upon the degree of harm linked to the contaminant being released
You might also like to view...
The M2 measure of money consists of the sum of:
A. currency, checking and savings deposits. B. M1, savings deposits, small time deposits, and money market mutual funds. C. savings deposits, small time deposits, and money market mutual funds. D. currency, checking and savings deposits, and small time deposits.
An international comparison of eight major industrialized countries reveals the following about the components of GDP: ________
A) the U.S. has one of the largest shares of GDP going to investment B) the U.S. has one of the smallest government share of GDP C) the U.S. runs one of the largest trade deficits D) all of the above E) none of the above
The Malthusian dilemma relates to marginal product in that
A) starvation can be averted only if marginal product is constant. B) because of diminishing marginal product, the amount of food produced by each additional member of the population increases. C) because of diminishing marginal product, the amount of food produced by each additional member of the population decreases. D) because of diminishing marginal product, the wage falls as the population decreases. E) because of diminishing average product, the population will not have additional capital to work with.
For a firm in a perfectly competitive market, if it is producing at a level of output where marginal costs are less than marginal revenue it:
A. should cut back production to increase profits. B. should increase production to increase profits. C. is producing a profit-maximizing quantity. D. should invest more in advertising in order to raise revenues.