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.

Economics

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Why are cartels among firms usually kept secret?

What will be an ideal response?

Economics

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.

Economics

Any point on the production possibilities curve illustrates:

a. minimum production combinations. b. maximum production combinations. c. economic growth. d. a nonfeasible production combination.

Economics

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

Economics