The idea that higher prices reduce the purchasing power of financial assets and lead to less consumption is known as the:

Poverty is a mainstream event experienced by a majority of Americans

a. True b. False Indicate whether the statement is true or false

In North Carolina, a car must pass an emissions test before it can be registered. The emissions test costs $20 per car. This system is an example of

a. direct controls on pollution. b. a per-unit emissions tax. c. a "license to pollute." d. subsidies for nonpollution.