For a pollutant like lead, which causes health effects to local residents even at very low levels, which regulatory approach would be most effective for eliminating any health threats?

a. Emissions standards
b. Tradable permits
c. Pollution taxes
d. Pollution subsidies
e. Ecolabeling


Answer: a. Emissions standards

Economics

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A "normal good" is defined as any good in which

A) a rise in its price will reduce quantity demanded. B) a fall in its price will increase quantity demanded. C) a rise in income will reduce overall demand. D) a fall in income will reduce overall demand.

Economics

Both the trade and budget balance were in roughly zero until the 1980s when the budget deficit increased dramatically and the U.S. trade deficit increased dramatically

However, during the late 1990s the budget deficit shrank—in fact, moving to surplus—at the same time that the U.S. trade deficit increased significantly. Since 2000, the budget deficit has increased significantly, particularly after 2008.What is the relationship between a country's trade balance and its stance as a borrower or lender? Historically, has the U.S. been a net lender or net borrower? Why do you think that this is? Do you think that the U.S. budget situation might have anything to do with this?

Economics

"Granger laws":

a. were severely limited in scope through litigation. b. generally outlawed both place and person discrimination. c. established commissions with the power to investigate complaints. d. All of the above are correct. e. Only a and b are correct.

Economics

A Minnesota farmer buys a new tractor made in Iowa by a German company. As a result,

a. U.S. investment and GDP increase, but German GDP is unaffected. b. U.S. investment and German GDP increase, but U.S. GDP is unaffected. c. U.S. investment, U.S. GDP, and German GDP are unaffected, because tractors are intermediate goods. d. U.S. investment, U.S. GDP, and German GDP all increase.

Economics