Which of the following is the most efficient method to reduce pollution emissions?
a. government pollution charges or taxes
b. non-tradable emission standards that cap allowable pollution
c. common law enforcement of property rights, when those rights are well-defined and transaction costs are low
d. legislated regulations limiting the quantity of emissions allowed by each firm
C
Economics
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If the production possibilities frontier is linear, then
A) opportunity costs are increasing as more of one good is produced. B) opportunity costs are decreasing as more of one good is produced. C) opportunity costs are constant as more of one good is produced. D) it is easy to efficiently produce output.
Economics
What are the five major reasons for government involvement in a market economy?
What will be an ideal response?
Economics