The populations of the LDCs are growing
A. at about 5 percent per year.
B. at about the same rate as those of the industrially advanced nations.
C. slower than those of the industrially advanced nations.
D. faster than those of the industrially advanced nations.
D. faster than those of the industrially advanced nations.
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In Portney's analysis of the 1990 Clean Air Act Amendments (CAAA), his estimates suggest that
a. more resources should be allocated to air quality control b. the associated MSB exceed the MSC c. society would be better off with less regulation of air quality d. the TSC outweigh the TSB
Gains from trade can be realized if each country specializes in the production of a good in which it has a comparative advantage
a. True b. False Indicate whether the statement is true or false
The best guess is that the cross elasticity between Rolaids and Tums, the two leading antacids in the country, is
a. negative b. positive c. zero d. one e. infinite
Because a monopolistic competitor has some monopoly power, advertising to increase that monopoly power makes sense as long as:
A. the marginal cost of advertising is positive. B. the marginal cost of advertising exceeds the marginal benefit of advertising. C. the marginal benefit of advertising is positive. D. the marginal benefit of advertising exceeds the marginal cost of advertising.