In a market for emission permits, firms that emit below their allowed limits
A) will buy even more allowances through a trading system.
B) are taxed by the government for the amount of emissions.
C) receive a subsidy for the amount of emissions.
D) will sell their excess allowances through a trading system.
Answer: D
Economics
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The opportunity cost of moving from point a to point b in the above figure is ________
A) zero B) 3/2 pairs of socks per sweater C) 3 pairs of socks D) 2 sweaters
Economics
When you receive this week's paycheck, you can either spend it or save it. The fraction of each additional dollar of disposable income that you ____ is known as your _____.
A. save; marginal propensity to invest B. spend; marginal propensity to consume C. invest; marginal propensity to multiply D. pay as taxes; marginal propensity to spend
Economics