A monopolist that does not price discriminate will set the output level where

Suppose a legislature passes a law that mandates a 50% cut in toxic emissions. What type of analysis would most likely be used to determine how to implement this policy at the lowest cost?

a. Contingent valuation b. Cost-effectiveness analysis c. Positional analysis d. Precautionary principle e. Safe minimum standard

If expenditure by the government of a country increases, ________

A) the aggregate price level of the country will decrease B) the country's expenditure on consumption will decrease C) the unemployment rate in the country will increase D) the gross domestic product of the country will increase