Which basic approach to environment policy may be the only workable solution in brief but serious emergencies that do not allow for time to plan and enact a systematic program?
a. Taxes on pollution
b. Voluntary compliance
c. Tradable emissions permits
d. Direct controls like legal ceilings
b
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Does it appear that currency boards make fixed exchange rates credible?
What will be an ideal response?
Many public choice economists believe that elected political officials would make better choices if they had to vote for higher taxes in order to adopt new spending programs
a. True b. False Indicate whether the statement is true or false
The monetary and fiscal stimulus response to the Great Recession resulted in an immediate increase in real GDP
a. True b. False Indicate whether the statement is true or false
How does an increase in taxes affect the expenditure schedule?
a. It causes movement to the left along the schedule. b. It causes the schedule to shift upward. c. It causes movement to the right along the schedule. d. It causes the schedule to shift downward.