If the price of garbage removal rises, people will
A. demand a higher quantity of garbage removal.
B. take less waste to recycling centers.
C. repair broken items if the cost to do so is higher than throwing them away.
D. take actions to avoid paying the higher price.
Answer: D
You might also like to view...
An outward shift in the entire production possibilities frontier
A. represents economic decline. B. means that previous levels of production are now unobtainable. C. means that the only way the economy can increase the production of one good is by producing less of an alternative good. D. represents economic growth.
One reason government deficits do not cause complete crowding out is because:
a. Saving increases by the amount that consumption falls when income changes. b. When the real risk-free interest rate rises, the real money supply rises due to changes in the public's preferred asset ratios (e.g., Cc/D, N/D, and U/D). c. As the real risk-free interest rate rises, government spending automatically rises to pay for the higher interest expenses. d. All the above. e. None of the above.
When one observes consumption and investment patterns over time, one finds that:
A. like consumption, investment is fairly stable over time. B. like consumption, investment is fairly erratic over time. C. unlike consumption, which is fairly stable over time, investment is subject to erratic fluctuations. D. unlike consumption, which is subject to erratic fluctuations, investment is fairly stable over time.
A group of stocks of individual firms that are placed into one investment pool by an investment company is commonly known as a:
a. pooled stock venue. b. stock clump. c. stock agreement. d. mutual fund. e. maximal diversified investment (MDI).