Having the government issue permits that allow polluting
A. would decrease the levels of pollution.
B. is an example of a command-and control regulation.
C. would penalize companies that were good at curbing their pollution.
D. has been very ineffective in curbing pollution.
A. would decrease the levels of pollution.
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A period of stagflation can be considered as part of the normal aftermath of a
A. decrease in aggregate demand. B. period of high unemployment. C. period of low unemployment. D. period of inward shifting aggregate demand.
Suppose you were interested in increasing technological progress in your country. Suggest some ways to do it
What will be an ideal response?
A good is most likely to be inefficiently priced if
a. some of the resources used in its production are scarce. b. the good is private property. c. some of the resources used in its production are free. d. a corporation produces the good.
On the vertical axis, the Phillips curve depicts the
a. the rate of unemployment. b. rate of inflation. c. rate of growth of nominal GDP. d. rate of growth of real GDP.