Answer the following statement(s) true (T) or false (F)
1. Trans-boundary pollution linked to electricity generation can be modeled as an international externality whereby the MSB is lower than the MEB of electricity.
2. The Montreal Protocol and its amendments address the phase out of those chemicals primarily responsible for climate change.
3. Chlorofluorocarbons (CFCs) are a group of chemicals believed to contribute to depletion of the ozone layer.
4. The United States ratified the Kyoto Protocol in 2001 during the Bush administration.
5. The flexible mechanisms relevant to the Kyoto Protocol include a system of tradable allowances for greenhouse gases.
1. False
2. False
3. True
4. False
5. True
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President Bush lowered income taxes for individuals in 2001. Explain how lower income taxes affect the aggregate demand curve
What will be an ideal response?
All of the following took place during the Great Depression EXCEPT
A) increase in unemployment from about 3.4 percent to about 25 percent and a decrease in real GDP by about 30 percent between 1929 in 1933. B) an increase in taxes because of the fear that budget deficits would undermine business confidence. C) a fall in the money supply by more than 30 percent. D) a rise in inflation during the early 1930s. E) the stock market crashed by about one-third in October of 1929.
"Personalized pricing" and "group pricing" are examples of:
A) first-degree and second-degree price discrimination, respectively. B) second-degree and third-degree price discrimination, respectively. C) first-degree price discrimination. D) first-degree and third-degree price discrimination, respectively.
Private insurers are testing which of the following?
A. Bundled payments B. Accountable care organizations C. Medical homes D. All of the above