The efficient level of pollution is greater
a. The higher the marginal social benefit of abatement function and the higher the marginal social benefit of abatement function.
b. The higher the marginal social benefit of abatement function and the lower the marginal social benefit of abatement function.
c. The lower the marginal social benefit of abatement function and the higher the marginal social benefit of abatement function.
d. The lower the marginal social benefit of abatement function and the lower the marginal social benefit of abatement function.
c
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An example of a time series data set is one for which the:
a. data would be collected for a given firm for several consecutive periods (e.g., months). b. data would be collected for several different firms at a single point in time. c. regression analysis comes from data randomly taken from different points in time. d. data is created from a random number generation program. d. use of regression analysis would impossible in time series.
An asset is said to be illiquid when:
a. it lacks purchasing power. b. it cannot act as a store of value. c. it is an illegal tender. d. it cannot be readily exchanged for goods. e. it cannot be used to settle debts.