When the government requires specific processes for reducing pollution, it is using
A. Green taxes.
B. A command-and-control approach.
C. A user fee plan.
D. A tradable permit program.
Answer: B
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There are two forms of health care provided by the government: _________ is provided for the poor, and _________ is provided for the elderly.
A. HMO; Medicare B. PMI; HMO C. Medicaid; Medicare D. Medicare; Medicaid E. SSI; Medicare
If a basket of goods costs $100 in the United States and 300 pesos in Mexico, and if the exchange rate is $1 = 5 pesos, then the dollar price of the basket of goods in Mexico is:
a. $250. b. $56. c. $60. d. $75.
Observations of violations of consumer optimum predicted by consumer choice theory could provide support for I. utility analysis II. bounded rationality III. behavioral economics
A) I only. B) III only. C) both I and II. D) both II and III.
According to the above table, Gross Domestic Product as calculated by the income approach is
A. $14,925 billion. B. $15,619 billion. C. $10,121 billion. D. $10,646 billion.