In the 1990 Clean Air Act Amendments,
a. Title IV uses a strict command-and-control approach to regulate sulfur dioxide
b. market-based approaches are integrated in certain of the titled sections
c. market-based policies predominate over command-and-control initiatives
d. there were no provisions to control ozone depletion
b. market-based approaches are integrated in certain of the titled sections
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Dave and Buster play two games of tennis, and then decide to go have lunch. Using the concept of utility to explain their choices, we can conclude that:
A. they each won one game of tennis. B. the marginal utility from playing a third game must be negative for them. C. the marginal utility from playing a third game must be less than the marginal utility from having lunch. D. All of these must be true.
Suppose you want to get to Orlando, Florida, for the week-long spring break. You can get there in two and one-half days by bus, and back in another two and one-half days. This will cost you $20 round-trip. You can fly there and back in four hours each way. This will cost $200 . Which of the following is not true?
a. It may be economically rational for you to go by plane rather than by bus. b. Depending on what else you can do that week, it may be economically rational for you to not go at all rather than to go by bus. c. The true cost of going to Orlando is either the time or the money you spend traveling, whichever it is you value more. d. The more you'd enjoy Orlando, the more economically rational it becomes for you to fly there instead of taking the bus. e. It is possible that it is rational for you to fly and rational for others to take the bus.
A loan is:
A. a financial asset that represents partial ownership of a company. B. a payment made periodically to all shareholders of a company. C. an agreement in which a lender gives money to a borrower in exchange for a promise to repay the amount loaned plus an agreed-upon amount of interest. D. a promise by the bond issuer to repay the loan, at a specified maturity date, and to pay periodic interest at a specific percentage rate.
The marginal propensity to consume plus the marginal propensity to save is always
A) equal to zero. B) greater than zero but less than one. C) equal to one. D) greater than one.