To correct for the social impact of pollution, the government should levy a per-unit tax
A. according to the business activity of the polluter.
B. that is the same for all polluters regardless of their locations or sizes.
C. only to those polluters that can afford to pay for the tax.
D. according to the economic damage of the pollution.
Answer: D
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________,
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C
Which of the following is a final good or service?
A) the CPUs purchased by Dell to be used in their computers B) the fertilizer purchased by Royal Lawn and Landscape C) the computers purchased by Office Depot for sale to its customers D) the grilled chicken purchased by Taco Bell for use in their burritos E) a new replacement muffler installed by Midas Mufflers
Under perfect competition the price of a depletable resource whose cost of extraction is not changing must rise at
a. the same rate as the increase in GDP. b. the same rate as the increase in consumer prices. c. the same rate as the rate of interest. d. a rate higher than the increase in the rate of interest.
Which of the following restricts the volume of international trade?
a. stable prices b. tariffs c. the law of comparative advantage d. a stable international monetary system.