Asarta Inc. is polluting into the nearby aquifer and the citizens of Buttersville demand that this be cleaned up. If the benefit to cleaning up the aquifer is estimated to be about $133,000 and the cost is estimated at $130,000 will the aquifer get cleaned?
A. Yes, because the benefit is high.
B. No, because the costs outweigh the benefits.
C. Yes, because the benefits outweigh the costs.
D. Uncertain, with the information given.
Answer: C
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One reason why the demand for gasoline is inelastic is because
A) substitutes for gas abound. B) substitutes for gas are hard to find. C) gasoline is a luxury item. D) people have a long time to shop around for automobiles that use less gas. E) buses run on diesel fuel rather than gasoline.
Whites receive nearly double the amount of on-the-job training as minorities
Indicate whether the statement is true or false
If there is an increase in demand for a good,
a. there will be an increase in demand for the inputs that produce it. b. there will be a decrease in demand for the inputs that produce it. c. there will be an increase in supply of the inputs that produce it. d. there will be a decrease in supply of the inputs that produce it.
2 demand-side theories:
What will be an ideal response?