Under a transferable emissions permit system with n possible polluters, the government enforces the total amount of emissions allowable at X units by
A) setting a different fee for each firm so that each firm chooses to emit X/n units.
B) setting the same fee for each firm so that each is forced to emit X/n units.
C) setting a different standard for each firm, with X/n being the average.
D) setting the same standard for each firm at X/n.
E) issuing X permits.
E
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Which of the following may block the Keynesian transmission mechanism?
A) the loanable funds market B) aggregate demand C) interest-insensitive investment D) the liquidity trap E) c and d
Lack of access to sanitation and inadequate medical care have a negative impact on the development of human capital.
Answer the following statement true (T) or false (F)
A union may negotiate limits on workload in order to increase the demand for labor and raise workers' salaries. This practice is known as:
A. featherbedding. B. human capital formation. C. monopsonistic bargaining. D. artificial demand stimulus.
Asymmetric information is a situation in which
A. information possessed by one party in a transaction is not known by another party. B. private firms have information that they choose to pass along to the government. C. the government has information that it chooses to pass along to private firms. D. information possessed by one party in a transaction is also known by another party.