The EPA's pollution exhaust standards for passenger vehicles are an example of what kind of approach to government regulation?
A. An educational campaign
B. The behavioral economics approach
C. A market-based solution
D. The command-and-control approach
Answer: D
Economics
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Plutonia uses the Taylor rule to set the short term interest rate at which banks lend to each other
Compute the short term interest rate that should be set in Plutonia if the inflation target is 2%, the long-term target for the interest rate is 3%, the current rate of inflation is 5%, and output is 5% below its trend.
Economics
As gardeners tried to make their yards places for quiet retreat, sales of backyard fountains increased. What factor affecting demand does this illustrate?
a. income b. market size c. consumer expectation d. consumer taste
Economics