One of the consequences of preventing wages from falling in the European Union has been growing unemployment
a. True
b. False
Indicate whether the statement is true or false
True
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The above table shows marginal costs and marginal benefits of clean air in a particular industrial area. In the table, when the quantity of clean air is at 25 percent
A) the quantity of polluted air is 25 percent. B) the marginal benefit of clean air exceeds the marginal cost. C) the marginal benefit of clean air is less than the marginal cost. D) the quantity of clean air is optimal.
Suppose a consumer knows that at her current bundle, MUx/Px > MUy/Py. Is this individual choosing a bundle that maximizes utility? a. Yes, because this individual values good X more than good Y
b. Yes, because this individual values good Y more than good X. c. No. This individual should shift consumption from good X to good Y. d. No. This individual should shift consumption from good Y to good X.
Like biologists and physicists, economists use the dispassionate development and testing of how the world works known as the
M1 is a measure of
What will be an ideal response?