The argument that developing countries with lax environmental standards will attract foreign manufacturers who want to escape stricter standards in their own countries is known as
A) the pollution havens hypothesis.
B) the escape clause hypothesis.
C) the earth destruction hypothesis.
D) the environmentally destructive hypothesis.
A
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The market demand for a public good can be determined by
A) adding up the total private benefits and external benefits that each quantity provides the citizens of a country. B) adding up how much each consumer is willing to pay for each unit of the public good. C) adding up how much each citizen expects to consume at each possible price. D) estimating the value of the benefit that each unit provides and multiplying that by the number of consumers.
Draw and explain a Lorenz curve
What will be an ideal response?
In the short run, there is a direct relationship between:
a. the actual price level and nominal GDP, other things constant. b. the profits and potential output supplied, other things constant. c. the cost of production and the actual profit earned by firms, other things constant. d. the actual price level and real GDP supplied, other things constant.
Suppose that at the equilibrium price and quantity, the marginal revenue is ?$15 and the price elasticity of demand for a linear demand function is ?0.75. Then we know that the equilibrium price is:
A. ?$45. B. $45. C. ?$5. D. $5.