Pollutants that have a short-term impact and then dissipate are called
a. Stock pollutants
b. Flow pollutants
c. Cumulative pollutant
d. Global pollutants
e. Transferable pollutants
Ans: b. Flow pollutants
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The Center County Council voted to increase taxes dramatically on all automobiles sold in the county to raise revenue to repair roads. After a year, they were disappointed to learn that tax revenue had not really increased with the new tax. What could explain this?
a. The tax needed to be even larger in order to generate revenue. b. The tax greatly reduced the quantity of cars sold. c. The tax made demand grow too fast for producers to match. d. The tax gave the surplus to consumers instead of the government.
When housing prices decrease, household wealth ________, and consumption ________.
A. decreases; decreases B. increases; increases C. decreases; increases D. increases; decreases
The economy of Alpha operates according to Okun's law. In Alpha, potential GDP equals $500 billion, actual GDP equals $480 billion, and the natural rate of unemployment is 5 percent. What is the actual rate of unemployment in Alpha?
A. 3 percent B. 7 percent C. 1 percent D. 4 percent
Monetary policy is controlled by..
What will be an ideal response?