A Major League Baseball player signs a contract that pays $27 million over 5 years. The $27 million is the contract's ________ value

Answer the following statements true (T) or false (F)

1. Production subsidies are a way of internalizing external costs among polluting firms. 2. In dealing with market failures, the government always bases its decisions on economic analysis of marginal cost and marginal benefit. 3. An effective antipollution policy from the economic perspective requires that all pollution be eliminated and banned. 4. Because in any period of time and in any region the quantity of pollutants that can be absorbed by nature is fixed, the supply of "pollution rights" in a cap-and-trade system will be perfectly elastic.

Personal income tax withholding is

A. involuntary. B. involuntary and designed to spread out the impact of taxes throughout the year. C. designed to spread out the impact of taxes throughout the year. D. voluntary.