RECLAIM refers to
a. one of the first state-level trading programs, which was developed in California
b. a federal program for stationary sources to earn credits for reducing pollution
c. a national program to refurbish older, polluting refineries
d. the claiming of SO2 allowances that have been banked in a prior period
a. one of the first state-level trading programs, which was developed in California
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Refer to the above figure. Suppose E is the original equilibrium. An increase in the demand for dollars will be reflected in this figure by
A) an increase in the demand for yen as both imports and exports increase. B) a decrease in the demand for yen as the U.S. balance of payments improves. C) an increase in the supply of yen as Japan tries to buy more U.S. goods. D) a decrease in the supply of yen as Japan is able to pay less for U.S. goods.
This monopolistic competitor is in the
A. short run making a profit.
B. short run taking a loss.
C. long run making a profit.
D. long run taking a loss.