Over the last 50 years, poverty has been:
A. falling, and inequality has been falling as well.
B. rising, and inequality has been falling.
C. rising, and inequality has been rising as well.
D. falling, and inequality has been rising.
Answer: D
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When using the traditional command-and-control approach to environmental regulation, the government attempts to:
a. set a minimum requirement and then allows the firm to determine the most efficient method for achieving this requirement. b. determine the most efficient method for different industries. c. make allowances for differences across industries and between firms. d. set standards that are applicable to all situations and does not recognize unique circumstances.
When marginal cost is greater than average cost, average cost is
a. rising. b. falling. c. constant. d. The direction of change in average cost cannot be determined from this information.
Alcoa, which produced about _____% of the country's aluminum, maintained in its 1945 case that while it was big, it was not ____________. The Supreme Court found that _________.
Fill in the blank(s) with the appropriate word(s).
Which of the following businesses has elastic supply?
(A) Apple farming (B) Newspaper publishing (C) Electricity production (D) Hair cutting