Transferable permits allow emission reduction to be achieved

A) without any impact on the industrial sector, just as a standard would.
B) without any impact on the industrial sector, just as fees would.
C) at the lowest possible cost.
D) with firms monitoring each other, rather than having the government do the monitoring.
E) Both C and D are true.

C

Economics

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Which of the following is likely to lead to a left shift in the demand curve for labor in the petroleum extraction industry?

A) An increase in the wage rate B) A decrease in the wage rate C) An increase in the price of cars D) An increase in the price of petroleum

Economics

The following data summarize the expenditures for the country of XYZ during 2003 in millions of alphabet, the currency of country XYZ

Gross Private Domestic Investment $300 Business Fixed Investment $200 Change in Inventories $100 Exports $200 Imports $200 Personal Consumption Expenditures $800 Government Consumption Expenditures and Gross Investment $500 Statistical Discrepancy $10 Depreciation Expenditures $50 a. Calculate net exports b. Calculate GDP c. Calculate national income d. Assume that the GDP deflator is 120 and calculate real GDP for 2003.

Economics