Recall the Application about how the price of CO2 permits in the European Union is determined to answer the following question(s).Recall the Application. In the European Union, the term they use for pollution permits is:
A. allowances.
B. caps.
C. trades.
D. emissions.
Answer: A
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The process of asset transformation refers to the conversion of
A) safer assets into risky assets. B) safer assets into safer liabilities. C) risky assets into safer assets. D) risky assets into risky liabilities.
Large gains from trade are most likely when countries are very different.
Answer the following statement true (T) or false (F)
Borrowing to finance the increases in government expenditures
A. reduces growth in the nation's private capital stock. B. reduces current private investment expenditures. C. increases interest rates. D. all of these.
When there is positive inflation,
A) growth in nominal GDP exceeds growth in real GDP. B) growth in real GDP exceeds growth in nominal GDP. C) growth in real GDP and nominal GDP are roughly equal. D) there can never be any growth in nominal GDP.