An effluent fee is a
A) subsidy given to the producer of a positive externality.
B) charge to a polluter that gives the right to discharge pollution into the air.
C) fine imposed on a polluter for dumping illegal pollution.
D) charge for a public good.
B
Economics
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The median household income is
A) the income that separates households into two equal groups. B) the most common household income. C) the mean household income. D) the average household income.
Economics
Examples of comparative advantage show how trade between two countries can make each better off. Compared to their pre-trade positions, trade makes both countries better off because in each country
A) wages are higher. B) total consumption of goods is greater. C) total welfare is greater. D) total employment is greater.
Economics