If both the marginal social benefit of abatement function and the marginal social benefit of abatement function shifted up.
a. The greater would be the efficient level of pollution abatement
b. The smaller would be the efficient level of pollution abatement.
c. There would be no change in the efficient level of pollution abatement.
d. We do not know whether the efficient level of pollution abatement would rise or fall.
d
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Refer to Figure 6-13. Which of the following price floors would be binding in this market?
a. $3
b. $4
C. $5
d. $6
If you intend to begin jogging one week from today, and next week tell yourself you'll begin in another week, your preferences are:
A. more accurate in the future. B. revealed from your actions. C. time inconsistent. D. irrational.
Although central banks are responsible for foreign-exchange policy, they have no power to intervene in exchange rate markets.
a. true b. false
The labor force is best defined as the part of the
A. adult population that is working. B. population that is working or capable of working. C. population that is working, looking for a job, or capable of working. D. adult population that is either working or actively looking for a job.