One advantage about an emissions permit system is that
a. it creates a "license to pollute," sure to be popular with environmentalists.
b. it reduces uncertainty about the quantity of pollution that will be emitted.
c. it is a direct control system and avoids the inefficiencies of a market.
d. permits can be handed out on the basis of need to protect firms from high costs.
b
Economics
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If a government tax has as its purpose the raising of revenue, it would be best to place the tax on a product which:
a. is a non-essential. b. has a highly elastic demand. c. has many good substitutes. d. has a highly inelastic demand. e. has a unit elastic demand curve.
Economics
Explain how a diversified portfolio can reduce fluctuations in returns even when the economy as a whole is experiencing contractions and expansions
Economics