Consider the data in Table 9.6. If each firm is currently generating 100 gallons of wastewater per day, Firm A would need to be paid at least ________ from Firm B to reduce wastewater production to 0 gallons per day.
A. $12
B. $10
C. $7
D. $5
Answer: C
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Institutions and laws, such as patent protection, that foster innovations lead to economic growth because they
A) give businesses loans to buy new machinery. B) give confidence to consumers that the products they buy are safe. C) allow the government control of the innovations. D) give confidence to inventors that they will profit from their innovation.
Many eligible voters do not vote, and many who do vote don't read the biographies of candidates before they vote. These are examples of
a. the median-voter model b. representative government c. rational ignorance d. stupidity e. laziness
In the United States, which institution is primarily responsible for supervising banks?
a. Federal Reserve b. Office of the Comptroller of the Currency c. National Credit Union Administration d. Federal Deposit Insurance Corporation
The so-called Euro Zone refers to:
A. All members of the European Union B. The EU nations that have adopted a common currency C. The combined Eastern and Western Europe D. Nations in Europe where the U.S. has military bases