When dealing with negative externalities, government action is required
A) only if transactions cost are low.
B) for any bargain to be successful.
C) only in environmental disputes.
D) only if transactions costs preclude bargaining between polluter and victim.
D
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The Federal Reserve System controls the money supply by ________.
A. making loans to private borrowers B. changing the amount of reserves the banking system has available C. making loans to the Treasury D. issuing currency
In determining the exchange rate between U.S. dollars and Swiss francs, all of the following are assumed constant along the supply curve for francs except one. Which is not assumed constant?
a. U.S. interest rates b. Swiss income c. expected rates of inflation in the United States d. expected rates of inflation in Switzerland e. the price of the Swiss franc
Which of the controversial business practices, resale price maintenance, predatory pricing, or tying, was a part of a long-running antitrust lawsuit against Microsoft and why?
For the fall semester, you had to pay a nonrefundable fee of $600 for your meal plan, which gives you up to 150 meals. If you eat 100 meals, your average cost for a meal is:
A. $6. B. $4. C. $0.25. D. $5.