Congressman Murphy made the following proposal: "We should establish policies that completely eliminate air pollution. This is the only way to ensure that none of our citizens suffer the negative effects of air pollution"
If Congressman Murphy's proposal was adopted and all forms of air pollution were eliminated, which of the following would be true?
A) The total cost of pollution reductions would equal the total benefit to society.
B) The marginal cost from pollution reductions would exceed the marginal benefit.
C) The total benefit to society from reductions in air pollution would be maximized.
D) Economic efficiency would be maximized
B
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Since 1970 there has been a huge increase in the relative importance of __________ as a source of bank funds
A) negotiable CDs B) time deposits C) foreign deposits D) transactions deposits
The combination of goods and services Mexico's citizens might feasibly consume are called Mexico's
A. total consumption. B. total production. C. consumption possibilities. D. production possibilities.
The marginal rate of substitution is the
A) rate at which the consumer can exchange one good for the other.
B) change in the quantity of one good that just offsets a one-unit change in the consumption of another good such that the total satisfaction remains constant.
C) change in the quantity of one good that changes the utility received by one unit.
D) same thing as the marginal utility of a good.
The owner(s) of a corporation
A) is the entrepreneur. B) are the shareholders. C) are the bondholders. D) is the CEO.