Tradable pollution permits
a. are widely viewed as a cost-effective way to reduce pollution.
b. have helped reduce carbon emissions in Canada.
c. have helped reduce sulfur dioxide emissions in the United States.
d. All of the above are correct.
d
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Which of the following is likely to happen if the government raises tax rates?
A) Unemployment will fall. B) Investment will increase. C) Price level will rise. D) Consumption will decrease.
Because human wants are insatiable and unlimited while available resources are limited, people are said to face the problem of
A) microeconomics. B) social interest versus self-interest. C) macroeconomics. D) why to produce. E) scarcity.
An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease
In the short run, the Federal Reserve faces a tradeoff between
What will be an ideal response?