Which of the following is NOT an example of a way in which microeconomic analysis can help in designing environmental policy?
A. Examining the trade-offs between ecological benefits of environmental legislation and its impacts on consumers' standard of living
B. Lobbying consumers and firms to reduce consumption of energy
C. Designing laws to provide incentives for firms to implement clean technologies in new vehicles
D. Determining the optimal level of vehicle fuel efficiency standards
B. Lobbying consumers and firms to reduce consumption of energy
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A bank reports reserves of $100,000, government securities of $50,000, loans of $750,000, and checkable deposits of $900,000. The desired reserve ratio is 10 percent. What is the amount of excess reserves for this bank? Show your work
What will be an ideal response?
Natural resource cartels such as OPEC are inherently unstable because their members operate with excess capacity and have an incentive to cheat on their output quotas
Indicate whether the statement is true or false