Refer to the above figure. If the marginal cost curve for pollution abatement shifts to the right, everything considered, the
A. the marginal cost of pollution abatement has nothing to do with air quality.
B. degree of air quality or cleanliness will also decrease.
C. the degree of air quality or cleanliness will stay unchanged.
D. the degree of air quality will improve.
Answer: D
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An increasing federal budget deficit will ________ the federal government debt as this will ________ the total value of U.S. Treasury bonds outstanding
A) increase; increase B) increase; decrease C) not impact; not change D) not impact; be offset by
Membership in unions in the United States
a. is slightly over 90 percent of all workers b. has declined steadily since 1980 c. was hindered by laws such as the Wagner Act d. can be a grounds for an employer to fire an employee e. reached an all-time high in 1998
It usually takes less time to buy a six-pack of 7-Up, a loaf of bread, and a half-gallon of ice cream at a small convenience store (such as a 7-Eleven) than at a large, full-service grocery store. Which of the following persons is most likely to buy these items at a convenience store?
A) a person with a high opportunity cost of time B) a person with a low opportunity cost of time C) a person who is out of work D) a person who works at a full-service grocery store
Refer to the above data. The expenditures approach to GDP calculation can be done by adding:
a. 1 through 7 b. 8 through 13 c. 2 through 7 d. 8 through 11