This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The definition of economic growth is the annual percentage A) increase in the per capita real ... (Read 46 times)

imowrer

  • Hero Member
  • *****
  • Posts: 514
on: Jun 29, 2018
The definition of economic growth is the annual percentage
 
  A) increase in the per capita real GDP.
  B) increase in the per capita nominal GDP.
  C) increase in the total nominal GDP.
  D) increase in total exports.

Question 2

What is an effluent fee? Graphically, show how an effluent fee can correct an externality.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lou

  • Sr. Member
  • ****
  • Posts: 286
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

An effluent fee is a charge to a polluter that gives the right to discharge into the air or water a certain amount of pollution. In the above figure, the market solution is point E, with price of P1 and output of Q1. The external cost of the pollution is equal to the distance FE, so an effluent fee equal to FE causes the firms to produce fewer units. The optimum is at E, with price of P, and output of Q.


imowrer

  • Hero Member
  • *****
  • Posts: 514
Reply #2 on: Jun 29, 2018
Thank you


lou

  • Sr. Member
  • ****
  • Posts: 286
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p
Logistic and environmental growth Logistic and environmental growth
economic question economic question
economic question economic question
economic question economic question
Soybean plants in nitrogen-poor soil show how root nodules affect growth. Only the darker green plan Soybean plants in nitrogen-poor soil show how root nodules affect growth. Only the darker green plan
Video: Green alga life cycle Animation

For a complete list of videos, visit our video library