Positive incentives:
a. increase benefits or reduce costs
b. decrease the amount of affected behaviors.
c. increase the amount of affected behaviors.
d. Do both a. and c.
d
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What are the objectives of government taxation and spending?
What will be an ideal response?
The loan market is in equilibrium. If the demand for land decreases, the rental rate of land ________
A) might rise or fall B) rises C) falls D) remains unchanged
The WTO explicitly stated that in making its sea turtle decision, it was NOT saying that sovereign nations could not adopt effective measures to protect endangered species
Clearly, it said, sovereign nations can and should develop effective measures, including trade measures, to protect endangered species. Indicate whether the statement is true or false
Which is the most accurate statement?
A. If most economists had to choose between a tariff and a quota, she or he would choose a tariff as the lesser of two evils. B. Both tariffs and quotas are basically good for our economy because they keep out foreign imports. C. Tariffs and quotas are equally bad for our economy. D. Most economists prefer import quotas to tariffs.