National income accounting fills in the dollar values in the circular flow of income
a. True
b. False
Indicate whether the statement is true or false
True
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Giving in to the demand of protestors, suppose the French government reduces the tax on gasoline by 15 percent. Neither the demand for gasoline nor the supply of gasoline is perfectly elastic or inelastic
As a result of the tax cut, the price for a gallon of gasoline paid by buyers A) falls by 15 percent. B) rises by 15 percent. C) falls by less than 15 percent. D) rises by less than 15 percent. E) falls by more than 15 percent.
As a monopolist expands its output:
A) the difference between the demand curve and the marginal revenue curve decreases. B) the difference between the demand curve and the marginal revenue curve increases. C) the slope of the demand curve decreases, while the slope of the marginal revenue curve increases. D) the slope of the demand curve increases, while the slope of the marginal revenue curve decreases.
What has happened to countries that did not participate in the globalization of the world economy?
a. The fraction of the population living below the poverty line in these countries has decreased. b. These countries have been mired in a low-growth path and are experiencing high poverty rates. c. The socialist policies in these countries have caused a big change in the income distribution, something that globalization could not have achieved. d. The growth rate of these countries is stronger than the First World countries. e. The domestic industries in these countries have experienced robust growth.
Answer the following statement(s) true (T) or false (F)
1. An important motivation of environmental accounting is to help firms make accurate costs assessments about pollution prevention. 2. Extended product responsibility (EPR) places all the onus of product stewardship on the producer. 3. Re-manufacturing involves collecting, disassembling, reconditioning, and reselling returned products. 4. Design for the Environment (DfE) is a government-mandated program that promotes environmental considerations as part of the design and development of products. 5. Environmental technology transfers can involve dark green or light green technologies.