Transferable pollution rights allow a given level of pollution reduction to be achieved:
a. at zero cost

b. at higher cost than compliance standards.
c. at lower cost than compliance standards.
d. at higher cost than a system of pollution taxes.

c

Economics

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The difference between government receipts and government expenditures is called a _____

a. loss b. shortfall c. deficit d. debt

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If an individual labor supply curve bends backward at some high wage, so does the market labor supply curve

a. True b. False Indicate whether the statement is true or false

Economics