Which of the following is TRUE of the European Union's cap-and-trade program?
A. Governments subsidize firms to develop devices to reduce pollution.
B. Firms are forced to shut down when they exceed their pollution limits.
C. Firms can trade pollution permits to meet their pollution limits.
D. Firms are taxed based on the their pollution levels.
Answer: C
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Shelley wins $1 million in her state's lottery. If Shelley keeps working after she wins the money, we can infer that the substitution effect must exactly offset the income effect for her
a. True b. False Indicate whether the statement is true or false
The heart of the supply-side economic program was to
A. raise taxes. B. lower taxes. C. raise government spending. D. put people to work in government jobs.
Which one of the following statements is NOT accurate in relation to the responsibilities of the board of directors of a? corporation?
A. Directors are often paid a combination of an annual fee and stock? options, and the right to buy company shares at an advantageous price. B. Boards are typically composed of major? shareholders, philanthropists, and executives from other corporations. C. Much of the attention focused on corporate reform in recent years has zeroed in on boards being not too closely allied with management. D. As the representatives of the? shareholders, the members of the board of directors are responsible for selecting corporate officers. E. Much of the attention focused on corporate reform in recent years has zeroed in on boards failing to add enough value to strategy planning.
A(n) ________ in aggregate demand will result from a decrease in ________
A) decrease; inflation B) increase; taxes C) increase; the budget deficit D) increase; government purchases