(Last Word) Because there are so many sources of carbon dioxide, making monitoring difficult and costly, many economists:
A. prefer a carbon tax to cap-and-trade for reducing carbon dioxide emissions.
B. prefer cap-and-trade to a carbon tax for reducing carbon dioxide emissions.
C. believe that cap-and-trade and a carbon tax are both costly but should be implemented to
reduce carbon dioxide emissions.
D. believe that neither cap-and-trade nor carbon taxes can effectively reduce carbon dioxide
emissions.
Answer: A
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Suppose that a new tax on hiring labor is imposed. The demand for labor will ________, and as a result real wages will ________ and employment will ________
A) increase; increase; decrease B) increase; decrease; increase C) increase; increase; increase D) decrease; decrease; decrease
Affirmative action programs serve three purposes. Which of the following is not one of those purposes?
A) Address current issues of discrimination. B) Enhance diversity in places where it is of particular value. C) Redress past wrongs. D) Guarantee employment regardless of qualifications.
Bonds may be issued by the U.S.
A. Congress. B. Immigration and Naturalization Agency. C. Treasury. D. Federal Reserve Bank.
Figure 4-8
Women today are having more babies than women did fifteen years ago. The result is that mothers today have trouble finding baby-sitters and are shocked at what they must pay for child care. Which graph in Figure 4-8 best illustrates how the situation has changed?
a.
1
b.
2
c.
3
d.
4