Refer to Figure 18.4. With free trade, what is the equilibrium price of gloves in Duckland?
A. $0
B. $8
C. $9
D. $11
Answer: B
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Both firm A and firm B emit 300 tons of pollution. Suppose both firm A and firm B have permits that allow each to emit 100 tons of pollution
If it costs $5,000 for firm A to eliminate 100 tons of pollution and it costs firm B $6,000 to eliminate 100 tons of pollution, then A) firm B will sell its permits to firm A for a price above $6,000. B) firm A will sell its permits to firm B for a price below $6,000. C) firm A will sell its permits to firm B for a price above $6,000. D) firm B will sell its permits to firm A for a price below $6,000.
Which of the following states had the lowest incidence of union membership as a percent of all wage and salary workers in 2012?
a. New York, Hawaii, and Alaska b. South Carolina, North Carolina, and Arkansas c. Illinois, Michigan, and Ohio d. Nevada, Hawaii, and Alaska
A rise in interest rates will increase your incentive to
A) save more, borrow less, and pay off credit card debt. B) consume now, borrow more, and save later. C) buy more things on credit and postpone savings. D) borrow money to buy a new car.
On January 1, 2010, Alex deposited $5,000 into a savings account that pays interest of 5 percent, compounded annually. If he makes no further deposits or withdrawals, how much will Alex have in his account on December 31, 2012 (3 years later)?
A. $5,750. B. $5,788. C. $5,813. D. $5,825.