Which of the following are not methods of dealing with externalities?
a. Relying on voluntary compliance.
b. Taxing the output of industries that pollute.
c. Creating legal environmental standards.
d. Increasing public spending on cleanup/reduction.
a
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Based on current budget projections, in the U.S. over the next 20 years the
a. structural deficit rises will fall sharply as tax revenues rise. b. cyclical deficit will fall as the economy expands. c. structural deficit will rise sharply as a higher proportion of the population retires. d. structural deficit will fall sharply as more people enter the workforce. e. none of the above.
Government water resource specialists have estimated that the Great Lakes currently contain about 200 thousand tons of pesticide pollutants, the amount of new pesticide pollutants that enter the lakes are about 20 thousand tons per year, and the
stock of pesticide pollutants was about 200 thousand tons last year. Based on this information, what is the stock dissipation rate? A) Zero B) 5 percent C) 10 percent D) 20 percent