According to proponents of an environmentally-adjusted measure of a nation’s macroeconomic performance
a. GDP fails to properly capture the effects of environmental pollution
b. GDP appropriately accounts for natural resource depletion
c. the international community does not support environmental accounting
d. the guidelines outlined in the SEEA of 2003 are meaningless
a. GDP fails to properly capture the effects of environmental pollution
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An increase in the interest rate tends to increase the demand for loanable funds
a. True b. False
The ability to keep rivals out of the market is the recipe for creating and maintaining a monopoly.
Answer the following statement true (T) or false (F)
In Figure 4.1, the demand curve that has a zero elasticity is show in graph:
A. A. B. B. C. C. D. D.
Under which conditions might diseconomies of scale result?
A. improved coordination brought about by bureaucracy B. increasing price of inputs C. increasing output prices D. usage of a large amount of indivisible inputs by the firm