An advantage emission taxes and permits have over direct controls is that the former
a. work well even if pollution output cannot be accurately measured.
b. can respond quickly to new information about the dangers of particular pollutants.
c. make it in firms' interests to reduce pollution in the most efficient manner possible.
d. reduce pollution to zero.
c
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When income increases, the demand curve for an inferior good
A) shifts to the right. B) shifts to the left. C) moves up along the demand curve for the product. D) remains constant.
In addition to prediction, one purpose of regression analysis is:
a. to measure the overall "fit" of the model to the sample observations b. to test whether the slope parameter ? is equal to some particular value c. to test whether the slope parameter ? is equal to zero d. b and c e. none of the above
Garbage is scarce because it is abundant
a. True b. False Indicate whether the statement is true or false
Assume Qs represents the quantity supplied at a given price and Qd represents the quantity demanded at the same given price. Which of the following market conditions produce a downward movement of the price?
A. Qs = 1,000, Qd = 750. B. Qs = 750, Qd = 750. C. Qs = 750, Qd = 1,000. D. Qs = 1,000, Qd = 1,000.