Which of the following is most likely to have the strongest demand for environmental quality?
a. countries with water pollution problems
b. poor countries
c. countries with air pollution problems
d. wealthy countries
D
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When marginal product is negative, the slope of the total product curve must be negative
a. True b. False
A firm's economic profit is the difference between the accounting profit and total fixed costs of the firm
a. True b. False Indicate whether the statement is true or false
Jane states that "Social Security is an unfair program. It discriminates against married women in the workforce and middle-income recipients." Evaluate this view
More farmers have recently entered the corn industry. In addition there has been a technological advancement in the fertilizer industry providing corn farmers with a cheaper and a more effective fertilizer. In the market for corn, the effects these
changes will have on the equilibrium price and quantity are A) price will increase, and quantity will decrease. B) price will increase, and the effect on quantity is indeterminate. C) price will decrease, and quantity will increase. D) price will decrease, and the effect on quantity is indeterminate.