Command-and-control policies are undesirable ways of reducing pollution because the means of abatement they mandate may not be efficient for all firms.
Answer the following statement true (T) or false (F)
True
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If private property rights were established in the air, there would probably be
A. more air pollution. B. less air pollution. C. the same amount of air pollution that exists without private property rights in the air. D. better weather.
Bank borrowing from the Fed is referred to as:
A) federal funds B) discount loans C) repurchase agreements D) reverse repurchase agreements
If government spending is used to bolster the level of economic activity, the type of financing available to the U.S. government that would increase aggregate spending the most is
a. taxation. b. borrowing from the public. c. borrowing from banks. d. printing money.
E&S Cooling Co installs air conditioning systems in new houses for homebuilders, and replacement systems for homeowners. Sales of which systems are included in this year's GDP?
a. Sales of replacement systems b. Sales of both systems c. Sales of systems in new houses d. Neither system would be included, because they are always intermediate goods.