The fact that every dollar that the government spends or transfers must ultimately be provided by the taxes and user charges it collects plus government borrowing is known as the
A) government balance sheet constraint.
B) government budget constraint.
C) tax collection constraint
D) user charge constraint.
Answer: B
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In the above figure, if the natural monopoly is regulated using a marginal cost pricing rule, then the firm will
A) produce 8 million units and make an economic profit of $24 million. B) produce 12 million units and make zero economic profit. C) produce 16 million units and incur an economic loss of $64 million. D) produce 16 million units and make zero economic profit.
If losses are incurred in a competitive industry, then over the long-run we can expect a greater quantity supplied, because market price will rise
a. True b. False Indicate whether the statement is true or false
Answer the following statement(s) true (T) or false (F)
1. The “cradle-to-grave” management system uses primarily market instruments to control and track hazardous wastes through the stages of the waste stream. 2. The legislative provisions that govern waste control policy in the United States today are the Hazardous and Solid Waste Amendments of 1984 (commonly known as the RCRA Amendments of 1984). 3. Waste management is a preventive strategy directed toward the generation stage of the waste stream. 4. Hazardous wastes that exhibit certain characteristics that imply a substantial risk are identified under the law as characteristic wastes. 5. A permit system is used to control hazardous waste management at treatment, storage, and disposal facilities (TSDFs).
Given the labor force, either more capital or better technology will shift the production function downward.
Answer the following statement true (T) or false (F)