The government prefers a market-based approach to reduce firms' emissions of a toxic gas but wants to make certain that no more than 1,000 cubic yards of the gas are ever emitted in a single day. The most efficient policy under these circumstances is likely to be a system of
a. per-unit taxes on emissions of the gas.
b. per-unit taxes on the goods produced by firms that emit the gas.
c. subsidies to firms that agree not to emit the gas.
d. sales of permits to emit specified quantities of the gas on specified days.
d
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The purchaser of a property in a planned unit development will usually NOT receive
A) an interest in the unit owners' association. B) a direct ownership interest in the common areas. C) title to the land on which the unit is built. D) a share in the control of the commonly-owned elements.
You are considering buying a store. The storeowner gives you an estimate of the net profits of the store on a typical day. The owner has most likely given you the figures for
a. The best case scenario b. The worst case scenario c. Any typical day d. Any typical year