The zero discharge goal
a. calls for the total elimination of water-polluting releases
b. is overly ambitious
c. is inherently benefit-based
d. all of the above
e. none of the above
d. all of the above
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Shifts in the IS curve ________ the AD curve, and changes to the reaction function ________ the AD curve
A) cause a movement along; shift B) shift; cause a movement along C) temporarily shift; permanently shift D) permanently shift; temporarily shift
Price floors are typically imposed to benefit sellers
a. True b. False Indicate whether the statement is true or false
Protecting intellectual property rights:
A. never increases total surplus for society. B. always increases total surplus for society. C. can reduce total surplus for society. D. never affects total surplus for society.
When the price of oysters decreases 25%, quantity demanded increases 10%. The price elasticity of demand for oysters is ________ and total revenue from oyster sales will ________.
A. elastic; increase B. elastic; decrease C. inelastic; increase D. inelastic; decrease