Environmentalists tend to prefer pollution taxes to marketable permits because the taxes impose specific limits on the quantity of pollution
a. True
b. False
Indicate whether the statement is true or false
False
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Credit markets are
A) bad, as they cause people to accumulate debt. B) not important for the financial crisis. C) important, but given too little attention in the past by macroeconomists. D) markets that work perfectly.
Jill, a U.S. citizen, uses some euros to purchase a bond issued by a French vineyard. This exchange
a. decreases U.S. net capital outflow. b. increases U.S. net capital outflow by more than the value of the bond. c. increases U.S. net capital outflow by the value of the bond. d. does not change U.S. net capital outflow.
Suppose the accompanying table describes the relationship between price and quantity demanded for a monopolist. QuantityPrice1$102$93$84$75$66$57$48$3If the marginal cost of producing each unit of output is $5, then the socially optimal level of output is ________.
A. 4 units B. 7 units C. 3 units D. 6 units
In an oligopoly
A) firms will attempt to differentiate their products. B) the market demand curve is kinked. C) firms will match all price decreases of another but will not match price increases. D) all of the above