At the end of an expansion, wages of workers are usually rising faster than prices.
Indicate whether the statement is true or false
Question 2
What is the rationale behind a marketable emission allowance scheme?
A) to discipline polluting firms by specifying the maximum amount of emissions allowed and giving them permits to pollute up to their allowance
B) to provide firms with the incentive to consider less costly alternatives to pollution reduction by making firms pay for the right to pollute beyond their specified allowance
C) to raise revenue for the government through the sale of emission permits and at the same time set an emissions target
D) to create a market for externalities: the scheme brings together buyers and sellers of marketable permits
In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
Expansion Ratios for Liquefied Compressed Gases
Expansion Ratios for Liquefied Compressed Gases
Global energy consumption is rising rapidly
Natural Resource Prices, 1850–2010
Palpation for respiratory expansion