Pollutants are not harmful if they are degradable in water
Indicate whether the statement is true or false
F Pollutants may be degradable but if the degradation requires oxygen that can deprive water life of oxygen it needs to survive.
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The market demand for a good is determined by horizontally summing the demand curves of individual consumers
Indicate whether the statement is true or false
When adjusting nominal GDP for price changes, it is preferable to use the GDP deflator rather than the consumer price index because the GDP deflator is
a. calculated for a more general market basket of goods than the consumer price index. b. always less than the consumer price index and, thus, is a more stable index. c. the sum of the consumer price index and the wholesale price index. d. the only price index adjusted annually for changes in the quality of products.
Global climate change will not
A. affect the migration patterns of animals. B. affect the amount of expected water in lakes, rivers, and streams. C. make it harder to grow crops. D. harm those living in coastal areas.
Suppose you are a risk-neutral manager attempting to hire a new sales manager. All of the workers in the market have the same ability to manage and sell, but they differ with respect to the wage at which they are willing to work for your company. The market for sales managers is composed of two types of individuals: 35 percent are willing to work for $50,000 and 65 percent are willing to work for $75,000. The first interviewee is only willing to work for $75,000. The expected benefit from an additional search is:
A. $26,250. B. $8,750. C. $16,250. D. $32,500.