New York consumers are charged five cents for every can or bottle of soda or beer that they purchase. Consumers are refunded five cents for every can or bottle that they return to a recycling center. Which environmental policy is used by New York?
a. Pollution charge
b. Cap-and-trade
c. Marketable permit program
d. Command-and-control regulation
a. Pollution charge
New York uses a pollution charge.
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What are the factors underlying government taxation and spending decisions?
What will be an ideal response?
Last year your job at the university cafeteria paid you $9 an hour and the price of a ten-minute long distance call to your girlfriend in California was $4 . This year your cafeteria job pays $9.90 per hour and the ten-minute phone call now costs $4.10 . You are clearly
a. worse off because of inflation. b. worse off because the phone call is now relatively more expensive. c. better off because your wage rate went up. d. better off because the phone call now costs less work.
What are the main costs to a country that adopts dollarization?
What will be an ideal response?
When the Fed announces that it is raising the federal funds rate, this signals its intention to _______ bonds in the open market and _______ the money supply.
A. Buy; reduce B. Buy; increase C. Sell; reduce D. Sell; increase