If policymakers use a pollution tax to control pollution, the tax per unit of pollution should be set
A) equal to the marginal private cost of production at the economically efficient level of pollution.
B) equal to the amount of the deadweight loss created in the absence of a pollution tax.
C) at a level low enough so that producers can pass along a portion of the additional cost onto consumers without significantly reducing demand for the product.
D) equal to the marginal external cost at the economically efficient level of pollution.
D
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Here's a taste of history: from 1775 to the present, U.S. agricultural productivity has grown because of all of the following except
a. new fertilizers and pesticides b. the development of the tractor c. the use of horses and mules d. price ceilings on food goods e. rural electrification
The division of productive activities among persons and regions so that no one individual or area is totally self-sufficient is known as
A) advantage-taking. B) comparative value. C) specialization. D) outsourcing.