Which is NOT an advantage of emissions fees over standards?
A) Fees can give a firm the incentive to reduce emissions below the standard when new technology allows.
B) Fees can reduce the cost of attaining some goal level of emissions when firms all have the same abatement costs.
C) Fees can reduce the cost of attaining some goal level of emissions when firms have different abatement costs and different standards can be assigned to different firms.
D) Fees can reduce the cost of attaining some goal level of emissions when firms have different abatement costs and different standards cannot be assigned to different firms.
E) Fees may provide an incentive for a firm to investigate emissions-reduction technology that will reduce emissions below existing standards.
C
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If the interest rate is 5% then the net present value of these cash flows is
a. $6,020.41 b. $7,380.95 c. -$7,380.95 d. $10,000
If a country had a nominal GDP of $753 million, and the GDP deflator was 110, what is the real GDP?
a. $685 million b. $828 million c. $836 million d. $863 million