The Emission Trading Scheme of the European Union
A) created a market for pollutants.
B) sets a cap on the amount of pollutants in each country.
C) allowed firms to benefit from emitting pollutants.
D) sets the amount of per-unit tax on each pollutant.
A
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The marginal social cost of burning garbage in Houston is the sum of the marginal private cost and the marginal external cost." Is this assertion correct or incorrect?
What will be an ideal response?
A lake supports a delicious variety of fish. The land around the lake is owned by two fisherman, so by state law both are free to fish as much as they like. Let FA and FB be the number of fish each catches, respectively. Suppose the price of fish is 100 - FA - FB. Given this demand curve, it turns out that marginal revenue is 100 - 2FA - FB for fisherman A and 100 - FA - 2FB for fisherman B. What
is the total number of fish by both in the Nash equilibrium? a. 30 b. 45 c. 60 d. 90
Using the utility-optimizing model, which of the following would induce a consumer to increase consumption of good A, a normal good?
A) an increase in the marginal utility of A B) a decrease in the total utility of B C) an increase in the marginal utility of good B D) a decrease in income
In which of the following situations is it certain that the quantity of money demanded by the public will decrease?
A. Nominal GDP decreases and the interest rate decreases. B. Nominal GDP increases and the interest rate decreases. C. Nominal GDP decreases and the interest rate increases. D. Nominal GDP increases and the interest rate increases.