In this graph for the marginal costs and benefits of pollution controls, implementation of excessively strict pollution controls would be represented by ______.
a. Q1
b. Q2
c. Q*
d. both Q1 and Q2
b. Q2
Economics
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Decreases in the value of existing assets are called:
A. capital losses. B. investment. C. capital gains. D. saving.
Economics
The basic RBC model produces ________ movements in the real wage, which in fact are ________ in the statistical evidence
A) countercyclical, found B) countercyclical, not found C) procyclical, found D) procyclical, not found
Economics
It is more likely for tacit collusion to occur in the ________ market compared to the ________ market.
A) commercial airline; fast food B) dog food; cellular telephone provider C) fast food; commercial airline D) dog food; commercial airline
Economics
A minimum wage is an example of a
A) price floor. B) price ceiling. C) quantity quota. D) free market equilibrium.
Economics