Economists assume that late in the process of cleaning a dirty environment, there are relatively
A. low benefit-high cost things than could and should be saved for last.
B. low benefit-low cost things than could and should be saved for last.
C. high benefit-low cost things than could and should be saved for last.
D. high benefit-high cost things than could and should be saved for last.
Answer: A
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In 2014, which component of GDP had a negative value?
A) investment B) government spending C) net exports D) consumption
What is the key macroeconomic issue of the short run and what is the key macroeconomic issue of the long run?
What will be an ideal response?
Price ________ measures the responsiveness of the quantity of a good demanded or supplied to a change in its price.
a. setting b. elasticity c. locking d. consistency
The law of supply states that, other things equal, as the price of a good goes:
A. down, the supply goes down. B. up, the quantity supplied goes up. C. down, the quantity supplied goes up. D. up, the supply goes down.