Direct government regulation is generally preferable to altering market incentives for correcting pollution problems.
Answer the following statement true (T) or false (F)
False
Command-and-control policies are inefficient and run the risk of excessive regulation or government failure. Market policies tend to be much more efficient-reducing pollution at a lower cost to society.
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The figure above could represent the long-run equilibrium for a
A) perfectly competitive firm. B) monopolistically competitive firm. C) monopoly. D) firm facing inelastic demand at all outputs.
Suppose your bank raises its minimum-balance requirement for free checking on checking accounts by $500. You take $500 out of your passbook savings account and put it in your checking account. What is the overall effect on M1 and M2?
A) M1 rises by $500, M2 falls by $500. B) M1 is unchanged, M2 is unchanged. C) M1 rises by $500, M2 is unchanged. D) M1 is unchanged, M2 falls by $500.
Empirical evidence that changes in monetary policy do not cause rapid price adjustments ________
A) is consistent with the Keynesian emphasis on short-run economic fluctuations B) suggests that policymakers need not worry much about inflation C) remains limited and unconvincing D) is consistent with the classical dichotomy E) none of the above
An oligopoly is a market structure in which a few large firms dominate the sale of a single product
a. True b. False Indicate whether the statement is true or false