Relating to the Economics in Practice on page 340: Europe has a carbon tax, and electricity producers are among the largest of the carbon producing firms. The carbon tax increases the costs of the electricity producers, which will shift the ________ curve in the electricity market to the ________.

A) supply; right
B) supply; left
C) demand; right
D) demand; left

Which of these approaches to solving the tragedy of the commons is considered a market approach?

A) Command-and-control
B) Mean absolute deviation
C) Cap-and-trade
D) Mutual coercion

The Dodd-Frank Wall Street Reform and Consumer Protection Act

A) was very popular among Wall Street bankers.
B) represented modest reform to the finance industry.
C) came out of theological discussions in the 1920s.
D) was designed to make the financial services industry more responsible.
E) made it mandatory for public corporations to hire ethics officers.

You can proofread by casually scanning up and down the screen.

if demand for the book is Q  1,000  300p, the marginal revenue function is given by

A) 300.
B) 1,000  600.
C) 3.33  Q/150.
D) 3.33Q  Q²/300.
E) 1/300.

A firm's ________ curve in a perfectly competitive product market is the same as its supply curve. Similarly, a firm's ________ curve in a perfectly competitive labor market is the same as its demand curve.

A) marginal revenue product; marginal cost
B) marginal cost; marginal revenue product
C) total revenue; total cost
D) total cost; total revenue

Which is true about the means of production?

A) Under capitalism it is privately owned,and under fascism it is owned by the government.
B) Under fascism it is privately owned,and under capitalism it is owned by the government.
C) Under both capitalism and fascism it is owned by the government.
D) Under capitalism and fascism it is privately owneD.