Concerns about environmental damages arise from

A. concerns about rising real gross domestic product in developing countries.
B. concerns about unemployment and the cost of living.
C. new research findings made public.
D. concerns about the quality of life.


Answer: D

Economics

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When the government reduces income taxes, it is trying to stimulate which of the following components of GDP?

A. Gross investment B. Government purchases C. Consumption D. Net exports

Economics

To maximize the economic pie, government should

A) provide only those public goods whose benefits outweigh their costs. B) provide no public goods. C) provide only those public goods whose costs outweigh their benefits. D) provide all possible pure public goods.

Economics

A firm producing a relatively large quantity before any rivals have entered the market, is an example of first-mover advantage

What will be an ideal response?

Economics

The horizontal summation of individual demand curves gives:

a. a supply curve. b. a Phillips curve. c. a market demand curve. d. the quantity supplied. e. a production function.

Economics