Taxes on emissions have
A. led to firms discovering costless methods of extraction of pollutants from liquid discharges.
B. led to increased waste disposal of pollutants.
C. led to voluntary reduction in emissions to avoid the taxes.
D. not been an efficient penalty. Firms continue to pollute.
Answer: C
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The principal-agent problem that exists for bank trading activities can be reduced through
A) creation of internal controls that combine trading activities with bookkeeping. B) creation of internal controls that separate trading activities from bookkeeping. C) elimination of regulation of banking. D) elimination of internal controls.
The cross elasticity between two goods is 2.5 . These goods are:
a. perfect complements. b. imperfect complements. c. unrelated. d. substitutes. e. inferior.