Under a system of pollution taxes, we expect firms to cut pollution until the marginal benefit from tax savings equals the marginal increase in production costs due to decreasing pollution.

One disadvantage of the corporate form of business is

a. the ability to raise money is limited by the ability to issue stock b. the corporation is a separate legal being c. double taxation d. the corporation hires professional managers e. the corporation must pay dividends to shareholders

The percentage of U.S. adults with a high school education or has:

A. remained constant since the 1960s. B. risen from 8 percent in 1960 to 31 percent in 2012. C. risen to over 90 percent in the twenty-first century. D. risen from 41 percent in 1960 to 88 percent in 2012.