Generally, as levels of pollution are reduced
A. marginal costs from the reduction decrease.
B. marginal costs from the reduction increase.
C. marginal benefits from the reduction increase.
D. marginal costs from the reduction stay the same.
Answer: B
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Explain why the average cost curve for the long run differs from that for the short run
In some states, it is against the law to sell alcohol on Sundays. This law was created to honor the Christian religious belief that Sunday is a special day of rest. This is an example of culture impacting the __________ of goods.
A. production B. distribution C. pricing D. packaging
An example of term limits in the United States would be that U.S. presidents cannot hold more than:
A. four 2-year terms. B. four 4-year terms. C. two 2-year terms. D. two 4-year terms.
The basic proposition in international trade is that
A) trade is determined by absolute advantage. B) in the long run, imports are paid for by exports. C) everyone is made better off by free trade. D) fair trade is more important than free trade.