Pollution is caused by a market failure, in an industry in which there is
A) unemployment.
B) an over-allocation of resources in production.
C) excess demand.
D) excessive cost borne by the firm.
Answer: B
You might also like to view...
Use the following graph to answer the next question.
If aggregate demand curve shifts from AD2 to AD1, the effect on real GDP will be a decrease from ________.
A. Q3 to Q4 B. Q2 to Q4 C. Q3 to Q1 D. Q2 to Q1
The 1994 agreement that eliminated most tariffs among the United States, Canada, and Mexico is known as
A) the Pacific Trade Association. B) the Western Trade Union. C) Trade Without Borders. D) NAFTA.
Price ceilings are illegal in the United States
Indicate whether the statement is true or false
Which of the following countries has the largest national debt as a percentage of GDP?
a. France. b. Japan. c. United States. d. Canada. e. Italy.