Which growth theory models growth as a perpetual motion machine?
A) new growth theory
B) classical growth theory
C) neoclassical growth theory
D) all growth theories model growth as a perpetual motion machine
A
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The main disadvantage of an emissions tax is that
a. The total pollution reduction from an emissions tax can not be known for sure b. Firms lack the flexibility to pursue different technologies c. Firms do not have an incentive to reduce pollution d. Firms can not be behave in an economically-efficient manner e. Differences among firms are not incorporated into the policy
Internet auctions
a. allow specialized sellers to reach many customers at low cost b. allow specialized buyers to reach many sellers at low cost c. always take the form of a Dutch auction d. always take the form of an English open outcry auction e. are rapidly being replaced by continuous open outcry auctions