Economists generally favor the use of tradable emission allowances to reduce pollution. However, the use of these allowances has been criticized by some environmentalists. Which of the following describes this criticism?
A) Some environmentalists believe that Pigovian taxes are a more efficient way to reduce pollution.
B) Some environmentalists oppose allowances on legal grounds; they believe the use of allowances is unconstitutional.
C) Some environmentalists believe that the price of allowances is often too high for consumers to afford.
D) Some environmentalists believe the allowances give firms a license to pollute.
D
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Jim is planning on attending a football game. He paid $40 for the ticket. He will have to take the day off losing 8 hours of work. His hourly wage is $10 . He estimates it will cost him around $20 for gas and parking at the game. Jim's accounting (out of pocket) cost of attending the game equals
a. $80 b. $40 c. $60 d. $140
The U.S. Postal Service has found its monopoly eroded over time because
a. the demand for mail delivery has become more inelastic b. Congress has taken away their monopoly over first-class mail c. the U.S. Postal Service cannot handle the volume of transactions d. the price of stamps has increased relative to other substitutes, such as the telephone, email, and online transactions e. of the decline in the use of fax machines