The Obama Administration's proposed environmental policy of "Cap and Trade" would have
A. limited the total amount of pollution allowed, while prohibiting exchange of rights to pollute.
B. freely issued unlimited rights to pollute, while taxing polluters for every ton of emissions.
C. taxed polluters for every ton of emissions to subsidize their adoption of "green" technologies.
D. limited the total amount of pollution allowed, while permitting exchange of rights to pollute.
Answer: D
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A person who refuses an offer of employment in order to keep looking for a better job is counted by the BLS as
A) a discouraged worker. B) a shirker. C) eligible for unemployment compensation. D) not in the labor force. E) unemployed.
From 2000 to 2014, the dollar depreciated substantially against other currencies. This drop in value most likely benefitted
A) European citizens traveling in the U.S. B) U.S. citizens traveling in Europe. C) U.S. manufacturers importing parts from abroad. D) U.S. citizens purchasing foreign-made automobiles.
The interest rates paid on Treasury bills ________
A) go down in booms B) go up in recessions C) are a coincident indicator D) all of the above E) none of the above
Which of the following will most likely occur during the contractionary phase of a business cycle?
a. Real GDP rises, and the unemployment rate falls. b. Real GDP declines, and the rate of inflation rises. c. The sales of most businesses decline, and the unemployment rate rises. d. Inflation rises, and employment/population ratio falls.