When the government tries to control pollution through cap and trade, it _____
a. issues permits that enables the owners of the permit to pollute
b. allows polluting firms to produce public goods that reduce pollution
c. levies tax on the polluting firm
d. gives subsidies to the firms who adopt clean production technologies
e. takes legal actions against the firms who pollute beyond the specified level
a
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Which of the following indicators will always improve when more variables are added to a regression equation?
A) the magnitudes of the coefficients B) the t-test C) R2 D) the standard errors of the coefficients
Discretionary fiscal policy differs from automatic stabilizers because discretionary policy ______.
a. occurs at the state level b. is set by the Federal Reserve c. is deliberate d. cannot be changed
An "aggregate":
A. is too large to analyze using standard macroeconomic theories. B. is the primary unit of analysis in microeconomics. C. treats a single unit as if it were a collection of specific units D. treats a collection of specific units as one unit.
Refer to the graph below. Which demand curve is relatively most elastic between P1 and P2?
A. D1
B. D2
C. D3
D. D4