The marginal cost curve of pollution abatement is
A) downward sloping.
B) upward sloping.
C) upward sloping up to a given level and then downward sloping.
D) vertical.
Answer: B
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Which of the following is not a form of nonmarket work?
a. working on your car at home b. doing your laundry in a laundromat c. making bread for a dinner at your sister's house d. caring for your sister's children as a favor e. babysitting for a fee
The winner's curse is more likely when the value of a good at auction is common knowledge
a. True b. False
Streetcar owners in the early 20th century were against segregation for profit maximizing reasons
a. True b. False Indicate whether the statement is true or false
Jackie, a Canadian citizen, works only in the United States. The value of the output she produces is
a. included in both U.S. GDP and U.S. GNP. b. included in U.S. GDP, but it is not included in U.S. GNP. c. included in U.S. GNP, but it is not included in U.S. GDP. d. included in neither U.S. GDP nor U.S. GNP.