The most efficient way to get firms to reduce pollution is to
A) set uniform emission standards and require all firms to meet the standards.
B) make the worst polluters shut down and go out of business.
C) make them pay for the social costs of production and let them decide how to respond to the higher costs.
D) provide firms and consumers with the information about the effects of their actions and encourage them to behave responsibly.
C
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The misery index is a measure of national economic discomfort that adds together a nation's:
A. Saving and investment B. Budget deficit and public debt C. Unemployment rate and inflation rate D. Level of taxation with the amount of government spending
Assume that a person saves $50,000 and earns 7 percent annual interest. If the marginal tax rate is 36 percent, then the after-tax interest earning will be:
A. $2000 B. $2240 C. $2760 D. $3500