It is possible to purchase diplomas from diploma mills. The situation in which the degrees are more important than the knowledge they are supposed to represent is called:

A. accreditation.
B. credentialism.
C. cretinism.
D. diplomacy.

Answer: B

Economics

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Tradable emissions permits:

a. provide polluters with an incentive to take the marginal social cost of pollution into account. b. are a form of subsidy. c. give consumers an incentive to buy from environmental-friendly firms. d. are a type of transaction cost.

Economics

The marginal product is the slope of the:

a. marginal cost curve. b. total cost curve. c. total product curve. d. long-run average total cost curve

Economics