If the number of ITQs issued equals the efficient production level, what is the price of an ITQ?
What will be an ideal response?
The price of an ITQ equals the marginal social benefit at the quota quantity minus the marginal private cost.
Economics
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What type of loan led the wave of bank lending in the 1970s and 1980s?
A) consumer loan B) commercial mortgage C) loans to state and local governments D) commercial paper
Economics
Because of the owner's prejudice, a firm chooses to discriminate against hiring Oriental workers. Compared to an otherwise identical nondiscriminating firm hiring in the same competitive market, the discriminating firm will have
a. higher costs. b. lower profits. c. a lower quantity of labor supplied at every wage. d. All of the above are correct.
Economics