A carbon tax could reduce greenhouse emissions by:
A. raising the price of gasoline and reducing driving.
B. raising the price of electricity, reducing the quantity of electricity demanded, and reducing the fossil fuels burned.
C. cause electricity producers to switch to lower carbon fuels.
D. All of these
Answer: D
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The price survey of the goods contained in the CPI market basket is conducted
A) every ten years, along with the Census. B) infrequently, because of its high cost. C) every year. D) monthly. E) every quarter.
According to the theory of liquidity preference, the money supply
a. and money demand are positively related to the interest rate. b. and money demand are negatively related to the interest rate. c. is negatively related to the interest rate while money demand is positively related to the interest rate. d. is independent of the interest rate, while money demand is negatively related to the interest rate.
The market for bagels contains two firms: BagelWorld (BW) and Bagels'R'Us (BRU). The owners of the two firms decide to fix the price of bagels. The table below shows how each firm's profit (in dollars) depends on whether they abide by the agreement or cheat on the agreement. 
Suppose the game above is repeated every day, and both firms adopt the following strategy: cooperate on the first day, then if the other firm cheats, cheat the next day, and if the other firm abides, abide the next day. This type of strategy is likely to increase the probability that:
A. both firms abide. B. Bagel World cheats. C. both firms cheat. D. Bagels 'R' Us cheats.
The M2 money supply is defined as
A. M1 plus savings accounts. B. Currency held by the public plus transactions accounts. C. M1 plus balances in most savings accounts and money market mutual funds. D. Most balances held in savings accounts and money market mutual funds.