When society requires that firms reduce pollution, there is
a. a tradeoff because of reduced incomes to the firms' owners and workers.
b. a tradeoff only if some firms are forced to close.
c. no tradeoff, since the cost of reducing pollution falls only on the firms affected by the requirements.
d. no tradeoff, since everyone benefits from reduced pollution.
a
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The "anchor" that sustains the credibility of monetary policy is ________
A) easily weighed during the slightest of macroeconomic storms B) composed of some indestructible substance C) necessary to avoid central bank independence D) available for scrutiny to all who care to observe
Which of the following countries has a low level of trade by world standards but has typically shown large trade surpluses in recent decades?
a. United States b. Brazil c. Japan d. France
Despite continued growth in average income since the early 1970s, the poverty rate has not declined below the level reached in 1973
a. True b. False Indicate whether the statement is true or false
For which of the following time periods did the United States have a budget surplus?
A. 1990–1993 B. 1998–2001 C. 2003–2006 D. The United States did not have a surplus in any of these time periods.