Emissions permits might be called a "license to pollute."

a. True
b. False
Indicate whether the statement is true or false


True

Economics

You might also like to view...

A product's price elasticity of demand depends critically on the availability of substitutes

Indicate whether the statement is true or false

Economics

Suppose the production function for T-shirts can be represented as q = L0.25 K0.75. Show that the production function has constant returns to scale

What will be an ideal response?

Economics

Assume that the government increases spending and finances the expenditures by borrowing in the domestic capital markets. If the nation has low mobility international capital markets and a flexible exchange rate system, what happens to the real GDP and net nonreserve-related international borrowing/lending in the context of the Three-Sector-Model?

a. Real GDP rises, and net nonreserve-related international borrowing/lending becomes more positive (or less negative). b. Real GDP rises, and net nonreserve-related international borrowing/lending becomes more negative (or less positive). c. Real GDP falls, and net nonreserve-related international borrowing/lending becomes more positive (or less negative). d. Real GDP and net nonreserve-related international borrowing/lending remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.

Economics

Which of the following statements is correct?

a. Buyers always want to pay less and sellers always want to be paid more. b. Buyers always want to pay less and sellers always want to be paid less. c. Buyers always want to pay more and sellers always want to be paid more. d. Buyers always want to pay more and sellers always want to be paid less.

Economics