Which of the following is the most efficient way to reduce pollution emissions?
a. emission standards that cap allowable pollution
b. government pollution charges or taxes
c. legislated regulations limiting the quantity of emissions allowed by each firm
d. enforcement of property rights, when those rights are well-defined and transaction costs are low
D
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The M2 definition of the money supply is based on the concept that
a. M1 is a small number, and should be increased in size. b. many types of deposits can be used as both payments and stores of value. c. checking deposits are used for payments, and therefore, not part of M1. d. cash is not used for the majority of payments.
If the number of people unemployed rose but the number of people employed and the adult population stayed the same, then the labor force participation rate would rise
a. True b. False Indicate whether the statement is true or false