In general, the current stock of pollutants (St) may be modeled as St = Et + (1 - d)St-1 where d is the ________ and Et is the ________
A) social discount rate, previous stock level
B) social discount rate, current emissions
C) stock dissipation rate, previous stock level
D) stock dissipation rate, current emissions
D
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Use the following two statements to answer this question: I. The price elasticity of demand is constant along the entire length of a linear demand curve. II
The price elasticity of demand is the special name that economists give to the slope of a demand curve. A) I and II are true. B) I is true, and II is false. C) I is false, and II is true. D) I and II are false.
Which of the following examples could be used to determine the net interest for a household?
a. $800 (interest paid on home mortgage) multiplied by $200 (interest paid on car loan) b. $100 (interest received from saving account) divided by $800 (interest paid on home mortgage) c. $800 (interest paid on home mortgage) plus $200 (interest paid on car loan) d. $100 (interest received from saving account) minus $800 (interest paid on home mortgage)
When the interest rate rises, people are:
A. less likely to save, that is, purchase a financial asset. B. more likely to save, that is, sell a financial asset. C. more likely to save, that is, purchase a financial asset. D. less likely to save, that is, sell a financial asset.
Dumping of goods abroad:
A. constitutes a general case for permanent tariffs. B. may be part of a firm's price discrimination strategy. C. may be part of a nation's strategy to rectify its trade deficit. D. drives up prices of the dumped goods.