The social cost of pollution includes the private costs of the producers plus the costs to those bystanders adversely affected by the pollution
a. True
b. False
Indicate whether the statement is true or false
True
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When the natural unemployment rate increases,
A) both the long-run Phillips curve and the short-run Phillips curve shift leftward. B) there are no shifts of either the long-run Phillips curve or the short-run Phillips curve. C) both the long-run Phillips curve and the short-run Phillips curve shift rightward. D) the long-run Phillips curve shifts leftward, and the short-run Phillips curve shifts rightward. E) the long-run Phillips curve shifts rightward, and the short-run Phillips curve shifts leftward.
Wealth consists ultimately of
A) gold. B) land. C) money. D) whatever people value.
The amount of U.S. exports purchased by the rest of the world is primarily determined by
a. real disposable income in the United States b. real disposable income in other nations c. the real interest rate in other nations d. the real interest rate in the United States e. the government budget deficits in other nations
Which of the following is least likely to be the reason women are underrepresented in the economics profession?
a. labor market discrimination b. the choice of women to select other occupations c. cultural bias in primary and secondary education d. the inability of women to solve problems in economics