Which of the following incurs a primarily nonpecuniary cost?
a. a factory blocking out the sound of birds
b. a truck smashing through a fence
c. a new building site that requires purchasing someone’s land
d. a chemical spill that destroys a driveway
a. a factory blocking out the sound of birds
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In a market economy, government decides the answers to the three economic decisions.
Answer the following statement true (T) or false (F)
Results of research conducted regarding the Moving to Opportunity program found that the program had little effect on opening up employment opportunities
Indicate whether the statement is true or false
When an exchange rate is established as a fixed peg, active intervention may be required to maintain the target-pegged rate
a. True b. False Indicate whether the statement is true or false
Importers collect additional revenues from a ________, and governments collect additional revenues from ________.
A. tariff; voluntary export restraints B. quota; import bans C. quota; tariffs D. voluntary export restraint; quotas