The purpose of an effluent fee is to
A) reduce the amount produced of a good and to raise the market price.
B) correct for pollution while keeping the price of the good the same as before the correction.
C) reward people producing externalities.
D) encourage producers to keep the quantity produced the same while lowering the price.
Answer: A
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What is a government's budget constraint in the long run as opposed to a given time period?
What will be an ideal response?
Because more than half the federal welfare budget goes for health care, almost zero U.S. residents lacked health insurance in 2006
a. True b. False
Implicit costs
A. Are the value of resources used for which no direct payment is made. B. Are the total opportunity costs of resources and inputs used to produce a good. C. Represent actual monetary payments made for resources used to produce a good such as oil. D. Include only payments to workers and lenders.
Political instability is an obstacle to development in:
A. both market and socialist economies. B. neither market nor socialist economies. C. market economies. D. socialist economies.