Producers will take external costs into account when:
A. they actually have to pay those costs.
B. environmental groups apply sufficient pressure and generate negative press coverage.
C. those costs are less than the benefits.
D. those costs are less than the private costs.
Answer: A
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A poor person in the United States has ________.
A. a higher per capita real income than the average poor person in the world B. a lower per capita real income than the average poor person in the world C. the same per capita real income as the average poor person in the world D. the same per capita real income as the average poor person in the world, but has a lower standard of living
Explain how BOP disequilibrium is restored under
(a) flexible exchange rates. (b) fixed exchange rates, after you define what a BOP disequilibrium means.
One problem with traditional health insurance plans is _____
a. people have little choice over physicians b. it has eliminated employer-provided health care c. doctors have little incentive to economize d. patients spent too much time scrutinizing their bills
When people donate money to a charity, they behave
A) rationally if the act gives them satisfaction. B) irrationally because the act does not benefit anyone. C) in an unpredictable manner because the act involves no incentive. D) in a way that only makes themselves worse off.