Which of the following represents a potential solution to the problem of environmental pollution?
a. corrective taxes
b. well established property rights
c. government regulation
d. All of the above are correct.
d
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Consumers who are more sensitive to changes in price suffer a greater loss of consumer surplus from any given price increase
Indicate whether the statement is true or false
The correct chain of causation illustrating the changes caused by monetary policy is
a. money, interest rates, C + I + G + (X ? IM), I. b. money, interest rates, I, C + I + G + (X ? IM). c. C + I + G + (X ? IM), I, interest rates, money. d. I, C + I + G + (X ? IM), money, interest rates.
If we compare the Baby Boom generation of workers to the number of workers who came before and will come after them, we realize that, all other things equal, the Baby Boomer's labor:
A. demand will be relatively lower at any wage. B. demand will be relatively greater at any wage. C. supply will be relatively lower at any wage. D. supply will be relatively greater at any wage.
If price increases and the quantity purchased increases, we know that
A. demand decreased. B. supply decreased. C. demand increased. D. supply increased.