Which of the following is an advantage to the pollution-rights approach to environmental quality?
a. Polluters are compelled to clean up completely.
b. Polluters have appropriate incentives to clean up.
c. This is a method of direct government regulation.
d. Compliance with legal guidelines is discretionary.
b
Economics
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In the long run, the output is determined by
A. demand-C,I,G,NX B. available factors of production - capital, labor, etc. C. interest rates D. quantity of money
Economics
The segmenting of customers into several small groups such as household, institutional, commercial, and industrial users, and establishing a different rate schedule for each group is known as:
a. first-degree price discrimination b. market penetration c. third-degree price discrimination d. second-degree price discrimination e. none of the above
Economics