The purpose of an effluent fee is to
A) reduce the amount produced of a good and to raise the market price.
B) correct for pollution while keeping the price of the good the same as before the correction.
C) reward people producing externalities.
D) encourage producers to keep the quantity produced the same while lowering the price.
A
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Under an assumption of monetary neutrality, a change in the nominal money supply has
A) no effect on the price level. B) a less than proportionate effect on the price level. C) a proportionate effect on the price level. D) a more than proportionate effect on the price level.
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Barriers to entry can be the result of
a. Positive network externalities b. High switching costs c. Economies of scale d. All of the above