The critical factor in maintaining the value of the dollar is
A) confidence the supply of dollars will be limited.
B) government budget deficits.
C) government budget surpluses.
D) the U.S. balance of international payments.
E) vigorous economic competition.
A
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A decrease in population shifts the
A) labor demand curve rightward. B) labor demand curve leftward. C) labor supply curve rightward. D) labor supply curve leftward.
Some cities have a relatively high residential property tax, while others have a low residential property tax. Give an explanation for this.
What will be an ideal response?
What should be the price level of the tradable permits to achieve the cost-effective solution?
Suppose two point sources are discharging phosphorus into Wisconsin’sFox River and face the following abatement costs for this pollutant: Point Source 1: TAC1 = 500 + 0.35(A1)2 MAC1 = 0.7A1 Point Source 2: TAC2 = 750 + 1.05(A2)2 MAC2 = 2.1A2, where A1 and A2 represent the abatement of phosphorus effluents in pounds by Source 1 and Source 2, respectively, and TAC and MAC are measured in hundreds of dollars. Assume that the state environmental authority has set the total maximum daily load (TMDL) for the Fox River. To achieve this limit, 40 pounds of phosphorus must be abated across the two point sources. Use this information to answer the following questions.
In the circular flow diagram, households demand ________ and supply ________.
A. goods and services; labor B. labor; goods and services C. labor; labor D. goods; services