Which of the following is, so far, the most utilized method to reduce emissions of industrial pollution to politically chosen levels, while encouraging efficient choices by polluters?
a. government pollution charges or taxes
b. non-tradable emission standards that cap allowable pollution for each emitter
c. cap and trade emission permits
d. regulations that would effectively prohibit all emissions
C
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The profit motive that stems from private ownership means that elephant populations are best protected as common resources
a. True b. False Indicate whether the statement is true or false
If the market price of a good does NOT include all of the costs and benefits that arise from the production or consumption of the good, then
A) the market is perfectly competitive. B) an externality is present. C) society is consuming and producing the optimal amount of the good. D) resources are properly allocated.
Today, the most common exchange rate arrangement in the world is
A. the fixed exchange rate system. B. the managed floating system. C. the gold standard system. D. the freely floating exchange rate system.
Refer to the Article Summary. Implementing a negative interest rate policy, as was advocated by the president of the Federal Reserve Bank of Minneapolis, would be designed to ________ the price level and ________ real GDP
A) increase; decrease B) increase; increase C) decrease; decrease D) decrease; increase