Acid rain is an example of a negative externality.
Answer the following statement true (T) or false (F)
True
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The desirability of an export orientation for development rests on the claim that export industries
a. make better use of domestic resources than do import-substitute industries b. attract foreign investors c. use factors of production that are abundant domestically d. earn more foreign exchange than would be saved by substituting for imports e. all of the above
Refer to Figure 2-14. Points A, B, and D represent feasible outcomes for this economy.
Indicate whether the statement is true or false.
Which of the following is true of government purchases?
What will be an ideal response?
If an increase in the supply of a product in the market results in a decrease in price, but no change in the quantity traded, then
What will be an ideal response?