Generally, as levels of pollution are reduced
A) marginal benefits from the reduction increase.
B) marginal costs from the reduction increase.
C) marginal costs from the reduction stay the same.
D) marginal costs from the reduction decrease.
Answer: B
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What determines the income flows that households receive?
A) an agency of the Federal government B) what they choose to produce, how much is sold, and the price received when sold C) their ownership of factors of production, how much they sell in the factor markets, and the prices received when sold D) financial institutions such as banks E) what they choose to consume
A cost that arises from the production of a good that is paid by someone who did not participate in the production is called
A) a free rider. B) an externality. C) rent seeking. D) a public failure.
If the Fed sells euros valued at $100 million to commercial banks, will this change the size of the Fed's liabilities and assets? Explain.
What will be an ideal response?
When OPEC cut energy production in 1973, the aggregate supply curve shifted outward.
Answer the following statement true (T) or false (F)