When it comes to pollution problems, the polluter and the victim can bargain to arrive at an outcome that benefits both parties
Indicate whether the statement is true or false
TRUE
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"Because Coke and Pepsi are substitutes, a decrease in the price of Pepsi will cause the demand for Coke to decrease
This initial shift in demand for Coke results in a lower price for Coke; this lower price will cause the demand curve for Coke to shift to the left." Which of the following correctly comments on this statement? A) The statement will be true if consumer tastes for Coke and Pepsi do not change. B) The statement is false because Pepsi is an inferior good; Coke is a normal good. C) The statement is false because one cannot assume that Coke and Pepsi are substitutes for all consumers. D) The statement is false because a change in the price of Coke would not change the demand for Coke.
Consider two lottery winners, Tino who is 65 years old and Sasha who is 32 years old. Which of these two would be expected to have the larger income effect, all else equal?
A) Sasha B) Tino C) Both would have no income effect. D) Both would have equal income effects.
Which of the following is not an example of a factor of production?
A. A forest. B. A computer program. C. A labor leader. D. Dollars.
Explain the problem of adverse selection. Discuss ways health insurance companies have tried to overcome this problem
Please provide the best answer for the statement.