If it costs Con Ed approximately $20 per additional ton of air pollution abated, but it costs PG&E only $10 per additional ton of air pollution abated and a marketable pollution permit trades for $14 per ton,
A. PG&E could gain by selling and Con Ed could gain by buying.
B. both PG&E and Con Ed could gain by buying.
C. both PG&E and Con Ed could gain by selling.
D. PG&E could gain by buying and Con Ed could gain by selling.
Answer: A
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Suppose the government abolished the minimum wage law and the law that requires union wage rates to be paid on all government contract jobs. We would expect to see
A) a recession. B) the duration of unemployment to increase. C) a decline in the natural rate of unemployment. D) an increase in claims for unemployment benefits.
Your text suggests if the price of insulin were to significantly increase, more diabetics will
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