The marginal benefit of pollution abatement is the
A) additional cost to clean up an additional unit of pollution.
B) additional benefit from cleaning up an additional unit of pollution.
C) total social costs of pollution clean-up divided by total social benefits.
D) total social costs of pollution clean-up divided by the total units of clean-up.
Answer: B
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Public goods are usually provided by
a. private industry in private markets b. the government c. producers who produce for consumers, that is, for the public d. internal markets e. the public, such as you and your neighbors
An example of a foreign direct investment (FDI) would include
A) a U.S. couple buying land for their dream retirement home in Costa Rica. B) a U.S. mutual fund manager buying shares of stock in a Brazilian oil company. C) a U.S. firm expanding its U.S. operations. D) a wealthy Mexican buying U.S. Treasury bills.
The long-run aggregate supply curve shifts right at the same time as
A. the production possibilities curve shifts outward. B. the production possibilities curve shifts inward. C. the inflation rate increases. D. wages increase.
The WTO
A. was established to resolve trade disputes among member nations. B. is an organization created to oversee NAFTA. C. is an affiliate of the World Bank. D. provides low interest loans to member nations to help develop their export industries.