Environmental harm declines with rising income per person when
A. with rise in income the increase in demand for better environment quality is larger than any adverse effects from rising production scale.
B. the adverse effect of any increase in nominal Gross Domestic Product (GDP) dominates any modest improvements from better production techniques.
C. the government imposes restrictions on the import of environment-friendly technologies from abroad.
D. the consumption of environment-friendly goods decline with an increase in income.
Answer: A
You might also like to view...
Which of the following statements about a non-discriminating monopoly firm is correct?
a. It charges a price greater than its marginal cost. b. Its high prices generate inflation. c. It charges a price that maximizes its total revenues. d. As a price setter, it can ignore market demand. e. It has no incentive to produce each output level at the lowest possible cost.
When the minimum wage is set above the equilibrium market wage,
a. there will be a shortage of labor at the minimum wage b. it will have no effect on the quantity of labor employed c. the unemployment rate will rise d. the quality of the labor force will increase e. the unemployment rate will fall
Monica recently lost her job as a teller at the bank. The bank explained that they were replacing Monica and others with ATM machines. Monica falls into a category of unemployment known as
A. cyclical unemployment. B. frictional unemployment. C. structural unemployment. D. seasonal unemployment.
Interest rates are positive because
A. people prefer future consumption over current consumption. B. usury laws require rates to be very high. C. banks are not competitive. D. people prefer current consumption over future consumption.