Cost-benefit analysis does not employ interpersonal utility calculations
a. True b. False
b
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The local pizza place sells 1 large pizza for $7.99 or 2 large pizzas for $11.99. The pizza joint is engaging in ________.
A. second-degree price discrimination B. first-degree price discrimination C. regular price discrimination D. third-degree price discrimination
When we keep part of our wealth in a bank checking account, we are using money as a ________ because ________
A) store of value; we are holding the money to exchange for goods at a later time B) medium of exchange; we are holding the money to gain interest earned C) barter token; we are holding the money to exchange for goods at a later time D) unit of account; we are holding the money to exchange for goods at a later time E) unit of currency; we have agreed upon the value of the money with bank
Global warming refers to the effect of global pollutants such as carbon dioxide on climates on the earth. Climate-induced changes in temperatures affect, among other things, agriculture
Which of the following is a reason why policymakers are still debating if this problem should be addressed and how it should be addressed? A) There is much disagreement about all aspects of the problem: how much carbon emissions contribute to damage from climate change which in turn determines the benefits from reduction, and what methods to use which in turn determines the cost of reduction. B) Scientists agree about the damage caused by carbon emissions but disagree about the methods of reducing emissions. C) The marginal cost of reducing carbon emissions is known with certainly but the marginal benefit from reduction is not known with certainty. D) The marginal cost of reducing carbon emissions is not known with certainly but the marginal benefit from reduction is known with certainty.
The Federal Reserve is run at the national level by _____
a. Congress b. the president c. a board of governors d. the federal government