The value of the remaining stock of natural capital should not decrease. This is considered _____.
a) weak sustainability
b) strong sustainability
c) environmental sustainability
d) none of the above
Answer: b) strong sustainability
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Through 2012, the most serious U.S. trough since the Great Depression was the one that occurred in
a. 1991. b. 2001. c. 1974–1975. d. 2008–2010.
Assume that you invest $550 in a certificate of deposit that has an annual interest rate of 4.5 percent. According to the rule of 72, what will your investment be worth after 16 years?
a. $550 b. $3,960 c. $1,100 d. $797.5 e. $1,200
In some markets, demand can be approximated by Q = 50 ? 5P + 10Y where Q is quantity, P price per unit, and Y = buyers' income. Supply can be approximated by Q = ?5 + 10P
a. If Y = 20, what is equilibrium price and output? b. If Y rises to 25, what is the new equilibrium price and output?
Which of the following explains why flood control is a public good?
A. There are external benefits associated with its consumption. B. Flood control is paid for by taxpayers. C. It is not divisible and therefore cannot be kept from people who do not pay. D. The private sector usually produces flood control projects.