The key explanation for the prevalence of waterway pollution is
A. the inclusion in production of all costs involving use of the waterway.
B. that there are private costs but no costs to society.
C. that waterways are not private property and can be used free of charge.
D. that waterways are subject to the market’s normal control procedures.
Answer: C
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Which of the following is NOT an important factor affecting growth in labor productivity?
A) the saving rate B) the speed with which prices fall C) the growth rate of physical capital D) the growth rate of labor productivity
What is the difference between a money price and a relative price? When the demand and supply model predicts that the price of coffee will rise, is the model predicting that the money price rises or the relative price rises?
What will be an ideal response?
Suppose that IS and LM intersect at full-employment output. A leftward shift of IS will be followed by a __________ price level that shifts LM to the __________ in a return to full employment
A) rising; right B) rising; left C) falling; right D) falling; left
By making exchange ________, money allows for ________ and higher ________
A) harder; specialization; costs B) easier; specialization; productivity C) harder; generalization; productivity D) easier; specialization; costs