Effluent taxes are not the most common approach used to control pollutants in the United States
a. True
b. False
Indicate whether the statement is true or false
True
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Suppose coffee prices, gasoline prices, and concert ticket prices are all sharply higher this year compared to last year. The economy is experiencing
A) disinflation. B) deflation. C) inflation. D) possibly A, B, or C above.
Which of the following is determined using the rule-of-reason analysis?
A) output restrictions B) resale price maintenance C) bid rigging D) market division
European Union labor costs exceed U.S. and British labor costs primarily because
a. worker productivity is lower in the EU b. union wages are higher in the EU c. layoffs and plant closings are more restrictive in the U.S. and Britain d. the amount of paid time off is higher in the EU e. labor-management relations are better in the EU
The following economy produces two products.ProductsProduction Possibilities?ABCDEFTanks012345Autos10009508506503500Given the production possibilities schedule above, a combination of three tanks and 350 autos:
A. cannot be produced by society, given its current level of resources and production technology. B. illustrates the trade-off between tanks and autos. C. is not attainable because this combination is not listed in the schedule. D. is attainable but involves the unemployment or inefficient use of some of society's resources.