In 2017, economists working at the U.S. Department of Treasury's Office of Tax Analysis have estimated that the marginal social cost of carbon dioxide emissions was about
A) $7 per metric ton.
B) $32 per metric ton.
C) $49 per metric ton.
D) $70 per metric ton.
Answer: C
Economics
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According to the median-voter theorem, the chosen policy will be the one preferred by the:
A. median voter. B. greatest average of voters, rather than the majority of voters. C. the average voter, rather than the largest number of voters. D. largest number of voters, rather than the average voter.
Economics
When economists assume that people are rational and respond to incentives, they mean:
A. people act with kindness. B. people are altruistic. C. people act in their own self-interest. D. people are selfish.
Economics