Cleanup of Superfund sites is currently funded by
a. a tax on petroleum
b. annual appropriations by Congress
c. a corporate environmental income tax
d. monies appropriated under the American Recovery and Reinvestment Act
e. all of the above
f. (b) and (d) only
f. (b) and (d) only
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A system of laws and courts generates positive externalities because
A) only governments are capable of creating such systems. B) people cannot choose whether or not to obey the law. C) people who disobey the law benefit from the existence and enforcement of rules applicable to all. D) such a system could not exist without the approval of a majority.
If government spending increased by $200 billion and the MPC within the economy was 0.9, what would be the total impact on real GDP?
a. $180 billion increase b. $222 billion increase c. $380 billion increase d. $2.0 trillion increase