The general view of the governments of middle- and low-income countries such as Brazil, Nigeria, India, and China is that environmental protection is
a. a necessity.
b. illegal.
c. a luxury.
d. undemocratic.
c. a luxury.
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Why are cartels among firms usually kept secret?
What will be an ideal response?
Only at the point of consumer equilibrium does the marginal rate of substitution (MRS) equal the:
a. slope of the budget line. b. slope of the indifference curve. c. price ratio. d. all of these.
Any point on the production possibilities curve illustrates:
a. minimum production combinations. b. maximum production combinations. c. economic growth. d. a nonfeasible production combination.
A community in a Southeastern state passed a beautification ordinance (law) prohibiting the placement of indoor furniture outside of homes (i.e., no couches on the porch). The law represents a conflict between ____ and ____
a. the rich; the poor b. third parties; market participants c. victims; criminals d. public goods; private goods e. residents; visitors