Critics argue that society is depleting its energy resources far too quickly. The most likely explanation for this behavior is that
A. firms try to avoid making irreversible decisions about resource depletion.
B. investors expect interest rates to fall continuously in the future.
C. individuals tend to value their own well-being more highly than the well-being of future generations.
D. people do not have what Pigou called a “defective telescopic faculty.”
Answer: C
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An increase in the level of total factor productivity will lead to
A) an increase in the capital-labor ratio and an increase in real GDP worker. B) an increase in investment and a decrease in depreciation. C) an upward shift of the break-even investment line and an increase in the capital-labor ratio. D) a higher rate of dilution and lower break-even investment.
You are considering buying a store. In order to better access your return on the investment, your expectations of the return should be based on
a. Days where sales are high, costs are low b. Days where sales are low and costs are high c. Days where both sales and costs are low d. A weighted average of all the above scenarios
The increase in productivity in the 2000's was most similar to that of the
A. 1960's B. 1970's C. 1980's D. 1990's
European governments accepted prolonged periods of unemployment in the 1990s in order to reduce inflation.
Answer the following statement true (T) or false (F)