Firms that are most likely to buy marketable pollution rights are those that produce the most pollution per unit of output produced
Indicate whether the statement is true or false
False. Firms that will buy pollution rights are those whose products are worth a lot relative to the harm from pollution they create.
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A tariff is
A) a subsidy granted to importers of a vital input. B) a tax imposed by a government on goods imported into a country. C) a limit placed on the quantity of goods that can be imported into a country. D) a health and safety restriction imposed on an imported product.
A higher deficit in the current year will lead to increased debt in the future only if
A) the deficit is greater than the previous year's deficit. B) the deficit-to-GDP ratio is greater than the debt-to-GDP ratio. C) it causes a drop in private saving. D) it causes an increase in private saving. E) none of the above