Legislation that tries to reduce air pollution by setting some maximum level for emissions from each source
What will be an ideal response?
will often fall short of the desired reduction in air pollution at the lowest cost.
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In the classical model, the quantity of loanable funds supplied is
a. positively related to the level of income b. negatively related to the price level c. positively related to the price level d. negatively related to the interest rate e. positively related to the interest rate
Which of the following statements comparing monopoly with competition is correct?
a. A monopolist produces a higher level of output and charges a lower price than a competitive firm would. b. With perfect price discrimination, the total surplus under monopoly can be the same as under competition. c. With or without price discrimination, the consumer surplus under monopoly is at least as large as it would be under competition. d. The deadweight loss associated with monopoly is caused by the positive economic profits of the monopolist; competitive firms do not earn a positive economic profit so there is no deadweight loss under competition.
One of the challenges for development economists working in health care is to figure out a way to:
A. increase the frequency of preventative medicine, such as immunizing children. B. force doctors to practice good medicine. C. have the government get more involved in production of necessary healthcare item. D. mandate through government policy that families must make better health care choices.
The New Deal was a government outgrowth of World War I.
Answer the following statement true (T) or false (F)