From an economist's perspective, an important consideration for policies to address global warming is:
A. The market for recyclable inputs
B. The supply and demand for recycled products
C. The marginal cost and marginal benefit of the policies
D. A lawsuit that can arise from the enactment of the policies
C. The marginal cost and marginal benefit of the policies
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If real wages fall:
A) consumer demand is likely to increase. B) employers are likely to hire more workers. C) the level of economic production will always increase. D) the level of economic production will always decrease.
Why have so many regional trade arrangements among developing countries failed? Why might MERCOSUR have a better chance for success than the East African Common Market?
What will be an ideal response?
Nominal GDP is greater than GDP because of the effects of inflation as measured by the GDP chain price index
a. True b. False Indicate whether the statement is true or false
When total revenue minus total economic cost is greater than zero, the firm is
a. earning higher than normal profits. b. earning the normal profit rate. c. making economic losses. d. earning economic profit but accounting losses.