Which of the following countries has had the more successful transition?

Expectations of asset values by participants in financial markets

A) are not possible to model, given the current state of economic knowledge. B) determine market prices, but are not related to changes in market prices. C) generally do not change. D) determine current market prices and changes in market prices.

Use the above table. What will the price be when external costs are internalized with a tax?

A) $14 B) $13 C) $12.20 D) $1.80