A performance-based standard
a. specifies a pollution limit and lets polluters select the technology to achieve that limit
b. is less flexible than a technology-based standard
c. designates the equipment or control method to be used for pollution abatement
d. none of the above
a. specifies a pollution limit and lets polluters select the technology to achieve that limit
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A firm in a perfectly competitive market maximizes profits when it finds
A) the price at which total revenue minus total cost is the greatest. B) the quantity at which total revenue minus total cost is the greatest. C) the quantity at which total revenue equals total cost. D) the quantity at which total revenue is maximized.
In the capital market, the purchase price is what a:
A. producer pays to use a factor of production for a certain period or task. B. producer pays to gain permanent ownership of a factor of production. C. consumer pays to use labor or land services for a certain period or task. D. consumer pays to gain permanent ownership of a factor of production.
An employer asking for a list of references from a potential employee is an example of:
A. statistical discrimination. B. screening. C. building a reputation. D. signaling.
What are some mechanisms for encouraging ethical behavior?
What will be an ideal response?