Pollution charges will be efficient if
a. the charge is just equal to the cost borne by others from the pollution.
b. the charge is greater than the cost borne by others from the pollution.
c. the charge is less than the cost borne by others from the pollution.
d. none of the above.
A
Economics
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The self-correcting tendency of the economy means that rising inflation eventually eliminates:
A. unemployment. B. exogenous spending. C. recessionary gaps. D. expansionary gaps.
Economics
Suppose the people in my town hear a rumor that their local bank is in trouble and all rush to withdraw money from the bank. This is referred to as:
A. a moral hazard problem. B. leverage. C. a bank run. D. a bad precedent problem.
Economics