Imposing fines on companies that contribute heavily to air and water pollution is an attempt to bring marginal private costs in line with marginal social costs.
Answer the following statement true (T) or false (F)
True
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The fact that private sector economic agents cannot be systematically fooled by economic policymakers is implied by
A) the Phillips curve. B) time inconsistency. C) commitment. D) the rational expectations hypothesis.
One concern regarding the North American Free Trade Agreement (NAFTA) was that it would lead:
A. highly skilled workers in the United States to lose their jobs. B. unskilled workers in the United States to lose their jobs. C. the total value of goods and services produced by the United States to fall. D. wages in Mexico to rise.
Explain the differences in economic systems between North and South Korea and the economic outcomes of the two systems
Please provide the best answer for the statement.
Everyone in an economy tends to do better when we experience:
A. steady economic growth, high unemployment, and stable prices. B. steady economic growth, low unemployment, and stable prices. C. high economic growth, low unemployment, and high inflation. D. high economic growth, high unemployment, and low inflation.