In some industries, pollution rights are sold from one company that does not need them to another that does. In recent years, conservation groups have purchased pollution rights so they cannot be exercised. Companies in need of pollution rights will find that:
A. the supply of pollution rights has increased.
B. the relative costs of pollution control equipment have gone up.
C. the relative costs of pollution control equipment have fallen.
D. the prices of pollution rights have fallen.
Answer: C
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The interest rate effect operates through
A) labor supply. B) government spending levels. C) the purchasing power of individuals' checking accounts. D) credit markets by changing borrowing costs.
Refer to the table. The equilibrium dollar price of libras is:
Answer the question on the basis of the following table, which indicates the dollar price of libras, the currency used in the hypothetical nation of Libra. Assume that a system of freely floating exchange rates is in place.
A. $5.
B. $4.
C. $3.
D. $2.