Compared to regulations, corrective taxes on pollution ______.
a. provide less incentive to reduce pollution
b. provide little benefit to the public
c. create a higher level of efficiency
d. create higher numbers of negative externalities
c. create a higher level of efficiency
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In the Fixed Time Effects regression model, you should exclude one of the binary variables for the time periods when an intercept is present in the equation
A) because the first time period must always excluded from your data set. B) because there are already too many coefficients to estimate. C) to avoid perfect multicollinearity. D) to allow for some changes between time periods to take place.
If a bank had demand deposits of $50 million and it faced a 25 percent required reserve ratio, it would be able to have a maximum amount of how many dollars worth of loans?
a. $50 million b. $37.5 million c. $25 million d. $12.5 million