According to the law of increasing costs, as the United States expends more of its resources on reducing air pollution,
A. the quantity of other goods that must be given up for further reductions in air pollution will decrease.
B. the quantity of other goods that must be given up for further reductions in air pollution will increase.
C. the social cost of additional air pollution will increase.
D. there will be no change in the marginal cost of reducing air pollution.
B. the quantity of other goods that must be given up for further reductions in air pollution will increase.
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Before the 1970's, the immigrant population in the U.S.:
A. Was more likely to receive public assistance than people born in the United States B. Was less likely to receive public assistance than people born in the United States C. Was just as likely to receive public assistance as people born in the United States D. Did not qualify for public assistance
A situation where a member of Congress votes to approve a bill in exchange for favorable votes from other members on other bills is called
A) logrolling. B) special interest legislation. C) regulatory capture. D) rent seeking.
The monetarist statistical evidence examines the correlations between both ________ and ________ with ________
A) money; aggregate spending; the unemployment rate B) money; autonomous expenditures; the unemployment rate C) money; consumption spending; aggregate spending D) money; autonomous expenditures; aggregate spending
The Fed could conduct an open market sale to eliminate an inflationary gap
a. true b. false