Which one of the following would not increase recycling rates?
a. Technological lock-in
b. A tax on virgin resources
c. Pay-by-the-bag garbage programs
d. Government procurement of recycled materials
e. Increased royalty payments for extraction of resources
Ans: a. Technological lock-in
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Over the last 50 years, in the United States the labor force participation rate for women ________, the labor force participation rate for men ________, and the over-all labor force participation rate ________
A) increased; decreased; increased B) did not change; increased; increased C) increased; decreased; did not change D) decreased; increased; increased E) increased; did not change; increased
The underground economy can be described as
A) production of intermediate goods and services. B) economic production that includes mining. C) production of infrastructure that spurs growth in the rest of the economy. D) economic activity that is hidden from the government to avoid taxes or because the activity is illegal.
An American good with a price tag of $89 costs 809 pesos. The exchange rate must be approximately
A) $11.00 = 1 peso B) $0.11 = 1 peso C) $0.89 = 1 peso D) $0.09 = 1 peso E) none of the above
Related to the Economics in Practice on p. 437: Actions that impact the state of the environment, like pollution, are considered ________ activities in terms of the national income and product accounts.
A. depreciable B. nonmarket C. underground economy D. market