Industrial policy aims to
a. reduce pollution by requiring factories to reduce their pollution by a certain number of tons per year.
b. reduce pollution by levying a tax on factories of a certain number of dollars for every ton of pollution that the factory emits.
c. encourage business firms to subsidize continuing education for their employees.
d. promote technology-enhancing industries.
d
You might also like to view...
Is a single-price monopoly efficient?
A) Yes, because it creates a deadweight loss. B) No, because it creates a deadweight loss. C) Yes, because consumers gain and producers lose some of their surpluses. D) Yes, because consumers lose and producers gain some of their surpluses. E) Yes, because it produces the quantity at which MR = MC.
The figure above shows the marginal social cost curve of generating electricity and the marginal private cost curve. The marginal cost paid by the producers and everyone else in society when 100 billion kilowatt hours are produced is
A) 0¢ per kilowatt. B) 5¢ per kilowatt. C) 10¢ per kilowatt. D) 20¢ per kilowatt. E) 15¢ per kilowatt.