To internalize a consumption externality in the market for a toxic chemical
a. a unit subsidy can be offered on production equal to the MEC
b. a unit tax can be imposed equal to ?MEB
c. a tax should be set equal to the MSC
d. none of the above
b. a unit tax can be imposed equal to ?MEB
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Which of the following explains the slower economic growth in the South compared to other regions of the country?
A. Much of the South's capital, public and private, was destroyed in the Civil War. B. The transcontinental railroads that were completed in the 1860s, 1870s, and 1880s all bypassed the South. C. The South remained an agricultural region after the Civil War instead of immediately becoming a higher productivity manufacturing region. D. All of the choices are true.
Which of the following is most accurate about the period between the Civil War and World War I?
a. An increasing share of the U.S. population lived in rural areas. b. Unions pursued strategies of peaceful negotiation with employers. c. The average number of hours of work increased significantly during the period. d. The difference between male and female wages decreased.
Small-denomination certificates of deposits are
A. included in M1 and M2. B. included in M2 but not M1. C. included only in M1. D. included in M1 but not M2.
A price level lower than equilibrium will cause quantity supplied to exceed quantity demanded
a. True b. False Indicate whether the statement is true or false