Consumer concern about "blood diamonds," a diamond mined in a war zone and sold to finance an insurgency, invading army's war efforts, or a warlord's activity, may have caused a drop in De Beers sales
a. True
b. False
A
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Exhibit 30-3 Costs of Eliminating:Firm A Firm B Firm C 1st ton of pollution$ 30 $ 50 $ 600 2nd ton of pollution$ 70 $ 90 $ 700 3rd ton of pollution$125 $150 $ 900 4th ton of pollution$200 $250 $1,300 Refer to Exhibit 30-3. What is the cost to Firm B of eliminating 2 tons of pollution?
A. $350 B. $250 C. $300 D. $140 E. $540
Americans buying Japanese cars:
A. supply U.S. dollars and demand Japanese yen. B. demand U.S. dollars and demand Japanese yen. C. supply both U.S. dollars and Japanese yen. D. demand U.S. dollars and supply Japanese yen.
Utilitarians believe that the proper goal of the government is to maximize the sum of the utilities of everyone in society
a. True b. False Indicate whether the statement is true or false
Suppose that X and Y are substitutes. If the price of Y increases, how will this change the market equilibrium for X?
a. Equilibrium price declines, and equilibrium quantity rises. b. Equilibrium price rises, and equilibrium quantity falls. c. Equilibrium price and quantity both decline. d. Equilibrium price and quantity both rise.