Which of the following correctly explains the role of economic agents in a free market?
A) Economic agents set production quotas for sellers in the market.
B) Economic agents set prices according to the production cost of each good.
C) Economic agents allocate goods to those buyers who need the goods the most.
D) Economic agents allocate goods to those buyers who value the goods the most.
D
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Empirical evidence indicates that imposing taxes on polluting emissions by firms
a. has no effect on the amount of pollution emitted. b. does not give the government leeway to regulate more dangerous emissions differently than less dangerous emissions. c. does reduce the amount of pollution emitted. d. discourages firms from investing in new methods of pollution abatement.
Assuming all other textbook qualities except analytical level are the same, paired-choice majority voting will result in the committee:
Suppose a college economics department decides to use a single economics text for all sections of principles of economics. Also assume that the three individual members of the textbook selection committee have the following preferences.
A. being deadlocked and unable to decide on a book.
B. selecting the C/F book.
C. selecting the M/B book.
D. selecting the O/S book.