Emission controls on automobiles are an example of a
a. corrective tax.
b. command-and-control policy to increase social efficiency.
c. policy that reduces pollution by allocating resources through market mechanisms.
d. policy to reduce congestion on urban freeways.
b
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The figure above shows the price of a DVD player from 1996 to 2000. a. What type of graph is illustrated above? b. What is the trend in the price of a DVD player?
What will be an ideal response?
This textbook is about microeconomics because it deals mainly with the behavior of variables such as:
A. economic sectors, the business cycle and monetary and fiscal policies. B. national output, interest rates, unemployment and inflation. C.individual economic units, such as consumers, firms, workers and investors D.national and international markets, exchange rates and economic treaties.
To an economist, maximizing profit is:
A. maximizing the value of the firm. B. minimizing the future risks. C. maximizing the current year's profits. D. minimizing the permanent total costs.
Refer to the above diagram. An increase in quantity supplied is depicted by a:
A. shift from S2 to S1. B. move from point y to point x. C. shift from S1 to S2. D. move from point x to point y.