The Clean Air Act of 1972 required some companies to install the "best available" pollution control technologies. This is an example of:
a. the government using a subsidy to encourage a negative externality.
b. the government using the command approach to discourage a negative externality.
c. the government using the command approach to encourage a positive externality.
d. a marketable pollution permit.
e. a pollution tax.
b
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For country North, the opportunity cost incurred when 3 tractors are produced is 21 watches. For country South, the opportunity cost incurred when 5 tractors are produced is 100 watches
Which country has the comparative advantage in the production of tractors? A) South B) North C) Both have the comparative advantage in the production of tractors. D) Neither country has the comparative advantage in the production of tractors. E) More information is needed about which country has the comparative advantage in the production of watches.
All of the following are social insurance programs designed to attack poverty EXCEPT
A) Social Security. B) temporary assistance to needy families. C) food stamps. D) tuition assistance.