In 1984, amendments to RCRA restrict landfilling activity, which in turn
a. would cause the MPC of land disposal to rise
b. may offer some incentive for waste disposers to generate less waste
c. reduce the external cost of landfilling
d. all of the above
d. all of the above
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In natural monopoly, AC continuously declines due to economies in distribution or in production, which tends to found in industries which face increasing returns to scale. If price were set equal to marginal cost, then:
a. price would equal average cost. b. price would exceed average cost. c. price would be below average cost. d. price would be at the profit maximizing level for natural monopoly e. all of the above
Disinflation is defined as a
a. zero rate of inflation. b. constant rate of inflation. c. reduction in the rate of inflation. d. negative rate of inflation.
The primary mission of the World Bank today is to
A) provide capital to underdeveloped countries. B) provide capital to firms around the world. C) provide financial assistance for the reconstruction of war-damaged nations. D) help countries manage their exchange rates.
EU deepening refers to
A) legislation that restricts the sovereignty of individual countries. B) activities that cause increased levels of integration in the national economies. C) extending the boundaries of the EU to include new members. D) adding additional countries into the single currency area.