A command-and-control policy is one in which:
A. the government commands each firm to produce no more than a certain level of pollution.
B. the government controls the firm's advertising policy.
C. the government forces the firm to use particular pollution-control technologies.
D. Both the government commands each firm to produce no more than a certain level of pollution and the government forces the firm to use particular pollution-control technologies are correct answers.
Answer: D
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Most markets involve the use of money for transactions because:
a. goods and services can be exchanged more easily with money than without it. b. goods and services cannot be exchanged without money. c. using money requires a double coincidence of wants. d. the transaction costs of using money are very high. e. the value of money remains same across countries over time.
E&S Cooling Co installs air conditioning systems in new houses for homebuilders, and replacement systems for homeowners. Sales of which systems are included in this year's GDP?
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A person who is risk averse will like gaining $1,000 more than they will dislike losing $1,000
a. True b. False Indicate whether the statement is true or false