When new technologies make cleaner production possible,
A) emissions would fall under a system of fees, but would not fall under a system of transferable emissions permits unless the government bought back some of the permits.
B) emissions would fall under a system of permits, but would not fall under a system of fees unless the government raised them.
C) the price of transferable permits would rise.
D) the quantity of transferable permits would rise.
E) the quantity of transferable permits would fall.
A
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As a result of importing a good, domestic producers ________ the quantity produced and the price of the good ________
A) increase; falls B) increase; rises C) decrease; falls D) decrease; rises E) decrease; does not change
With a temporary income tax surcharge, according to the ________, household consumption should ________
A) PIH; fall as disposable income falls B) PIH; rise since the decrease is disposable income is temporary C) LCH; fall since disposable income over the lifecycle falls D) None of the above is correct since a temporary change affects neither permanent income or relative lifecycle earnings.