The Environmental Kuznets Curve
a. models a theorized relationship between environmental pollution and population
b. is positively sloped and linear
c. illustrates the relationship between economic growth and environmental degradation
d. graphs as a U-shaped curve
c. illustrates the relationship between economic growth and environmental degradation
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Samantha decides to withdraw $10,000 from her savings account and invest it all in the stock market. Her total economic costs
A) equal $10,000. B) are independent of the interest she enjoyed in her savings account. C) are affected by the interest she enjoyed in her savings account. D) are determined solely by the commission she is charged for the purchase of stock.
The value added by any firm equals the firm's ________ from selling the product minus ________.
A. profits; the cost of inputs purchased from other firms B. revenue; the cost of inputs purchased from other firms C. revenue; labor expenses D. profits; labor expenses
Assume two goods are substitutes. Ceteris paribus, a decrease in the price of one good will cause the equilibrium price of the other good to
A. Increase and the equilibrium quantity of the other good to decrease. B. Decrease and the equilibrium quantity of the other good to decrease. C. Decrease and the equilibrium quantity of the other good to increase. D. Increase and the equilibrium quantity of the other good to increase.
Since the end of 2008, the Federal Reserve has adopted an unconventional monetary tool called
A) quantitative easing. B) open market operation. C) change required reserve ratio. D) discount loan.