Environmental damage
A. can easily be reduced to zero.
B. is inevitable where humans exist.
C. tends to increase as long as costs outweigh the benefits to the damagers.
D. is only a modern-day concern.
Answer: B
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If price of a good rises, what happens to quantity demanded for that good?
A. It increases. B. It decreases. C. It does not change. D. The answer depends upon the supply of the good.
One reason dressing well for a job interview may not be an effective signal is
A. people who are more serious about getting a job will make the investment in a new suit. B. buying a suit takes time away from studying. C. it is costly for a person less interested in the job to buy a new suit. D. a person who has successfully completed a job-training program might be unable to afford a new suit.
If an increase in the price of a product from $1 to $2 per unit leads to a decrease in the quantity demanded from 100 to 80 units, then the value of price elasticity of demand is
a. -1/3 b. -2 1/3 c. -1/4 d. -3 e. -2/3
From an initial long-run macroeconomic equilibrium, if the Federal Reserve anticipated that next year aggregate demand would grow significantly slower than long-run aggregate supply, then the Federal Reserve would most likely
A) decrease interest rates. B) increase interest rates. C) decrease income tax rates. D) increase income tax rates.