If consumer confidence falls, then aggregate demand shifts
a. right, raising the inflation rate above its previous level.
b. right, lowering the inflation rate below its previous level.
c. left, raising the inflation rate above its previous level.
d. left, lowering the inflation rate below its previous level.
d
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Firm A and Firm B emit 300 tons of pollution each and each have marketable permits that allow each to emit 100 tons of pollution
If it costs $5,000 for Firm A to eliminate 100 tons of pollution and it costs Firm B $6,000 to eliminate 100 tons of pollution, then A) Firm B sells its permits to Firm A for a price above $6,000. B) Firm A sells its permits to Firm B for a price below $6,000. C) Firm A sells its permits to Firm B for a price above $6,000. D) Firm B sells its permits to Firm A for a price below $6,000. E) Neither Firm A nor Firm B sells permits because neither has extra permits.
The largest financial market in the world is the:
A) stock market B) bond market C) options market D) foreign exchange market