A college professor berates his political science students for being uninformed on current political and government issues. For example, most of them do not know who represents them in the U.S. House of Representatives. He tells his students that they will never get very far in life by staying so uninformed and uninterested. The professor is probably overlooking the fact that
A) people are uninformed and uninterested in only some things-not all things.
B) his students could be choosing rational ignorance.
C) by not taking out time to find out certain things, his students have more time to study for his tests.
D) a, b, and c
E) none of the above
D
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Tradable emissions permits are used to:
a. reduce sulfur dioxide emissions by requiring firms to pay a pollution tax. b. encourage firms to reduce sulfur dioxide emissions by allowing the sale of excess permits. c. decrease consumption as the producer passes the full cost of the permit onto the consumer. d. impose a tax on SO2 emissions that is paid by the firm and is a source of tax revenues for the federal government.
The above figure shows the market for rice in Japan. S2 represents the domestic supply curve, and S1 represents the world supply curve. A $1 per unit tariff has the same effect on producer and consumer surplus as a quota of
A) 10 units. B) 20 units. C) 30 units. D) 40 units.