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Final exam 2006 - Final exam EEP 131 Fall 2006 Answer 5...

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Final exam EEP 131 Fall 2006 Answer 5 questions from part A and one question from each of parts B, C, and D. (Note that the exam consists of two pages.) Be sure to number your questions – so that I know which ones you are answering Part A : questions with short answers. Answer 6 of the following 12 questions. Each question is worth 5 points (for a total of 30 points). 1) What is “fast track authority”? 2) What is the principle of “subsidiarity”? 3) What is the “incidence” of a commodity tax? Use a graph to illustrate. 4) What is a “non-violation nullification or impairment” complaint? 5) What is meant by the “terms of trade effect” of a trade or domestic policy? 6) What is “regulatory chill”? 7) What is a “dominant strategy”? 8) What is “pelagic” harvesting? 9) What is a “border tax adjustment”? 10) What is carbon fertilization? 11) What is the formula for the social discount rate? 12) What is the FCCC?
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