Taxes on emissions have come to be called
A) the "command and control" approach.
B) "licenses to pollute."
C) spillover costs.
D) the fallacy of false alternatives.
B
Economics
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Compared to the magnitude of the multiplier in an economy without imports, the multiplier in an identical economy with imports is
A) larger only if exports exceed imports. B) smaller only if imports exceed exports. C) always larger. D) exactly the same. E) always smaller.
Economics
Total product divided by the total quantity of labor employed equals the
A) average product of labor. B) marginal product of labor. C) average total cost. D) average variable cost.
Economics