In the economic way of thinking, a tax on pollutants
A) unfairly places the burden of pollution reduction on the poor.
B) is inefficient because it won't reduce pollution to zero.
C) tries to alter relative money costs to reflect new decisions about who has which rights.
D) cannot be labeled unfair as long as the tax revenues are used to fund public works projects.
C
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Which of the following describes the relationship of price and quantity supplied based on the law of supply?
a. Firms are willing to produce a greater quantity of a good when the price of the good is higher. b. Firms' production levels are not correlated with the price of a good. c. The supply curve slopes downward. d. As price increases, producers have more market power than consumers.
If the Fed buys securities worth $10 million, then
A) bank reserves will increase by $10 million. B) bank reserves will decrease by $10 million. C) currency in circulation will increase by $10 million. D) bank holdings of securities increase by $10 million.