Tradeable effluent markets
a. exist only in the United States
b. are being used only for point to point trades
c. are in use in the United States, Canada, and Australia
d. have resulted in consistently high rates of trading activity
c. are in use in the United States, Canada, and Australia
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Refer to Table 7-1. Use the table above to select the statement that accurately interprets the data in the table
A) Rob has a comparative advantage in picking berries. B) Bill has a comparative advantage in catching fish. C) Rob has a comparative advantage in catching fish and picking berries. D) Bill has a comparative advantage in picking berries.
When Mr. Peabody decides on the companies to which he will donate his time and money, a ________ issue is being addressed
A) microeconomic B) normative economic C) positive economic D) macroeconomic
Government debt places a burden on future generations if
A) the debt is used to fund the current consumption of its citizens. B) the debt is used to fund the production of investment goods. C) the debt is used to fund schools and highways. D) All of the above are correct.
One of the long-run effects of higher government budget deficits is
A) a redistribution of real Gross Domestic Product (GDP) away from government-provided goods and toward more privately provided goods. B) an increase in the government's share of the nation's economic activity. C) growth in the economy's private sector at the same time the government sector shrinks. D) a fall in the equilibrium price level.