Where it can function, a market for pollution rights can serve to internalize the air-pollution externality
Indicate whether the statement is true or false
T Pollution rights can be traded to determine their value after an acceptable pollution level has been chosen.
Economics
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Why is the price at which the quantity demanded equals the quantity supplied the equilibrium price?
What will be an ideal response?
Economics
________ questions have to do with explanation and prediction, ________ questions have to do with what ought to be
A) Positive; negative. B) Negative; normative. C) Affirmative; positive. D) Positive; normative. E) Econometric; theoretical.
Economics