Financial intermediaries that are collected pools of funds from many investors are called:
a. mutual funds.
b. banks

Transferable permits are likely to result in less inefficiency, relative to a pollution tax, when

a. The marginal costs of damages are steep and the marginal costs of pollution reduction are relatively stable b. The marginal costs of damages are steep and the marginal costs of pollution reduction are steep c. The marginal costs of damages are relatively stable and the marginal costs of pollution reduction are relatively stable d. The marginal costs of damages are relatively stable and the marginal costs of pollution reduction are steep e. The marginal costs of damage are elastic and the marginal costs of pollution reduction are also elastic

An increase in the price of steel to car manufacturers will cause

A) the quantity demanded for cars to increase. B) the demand for cars to decrease. C) the quantity supplied of cars to increase. D) the supply curve for cars to shift left.