If producers cannot afford the fees for pollution rights,
a. they will pollute
b. they will buy pollution rights
c. they will sell pollution rights
d. they will have to find a cheaper way to deal with their pollution
e. they will not be able to use their pollution rights
D
Economics
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The exchange rate is
a. the price of foreign exchange determined by the interaction of supply and demand b. an interest rate determined by the interaction of supply and demand c. fixed by each government separately d. always fixed for any two currencies by the two nations involved, regardless of any agreements made with other nations e. fixed by GATT
Economics
The quantity of one good that is given up to produce another is defined to be its
a. market value b. opportunity cost c. relative cost d. absolute cost e. nominal cost
Economics