The production of smoke as a pollutant is a failure of the market system
a. True
b. False
Indicate whether the statement is true or false
True
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An increase in the level of prices of goods and services will do what to the long-run aggregate supply curve?
A) not shift the curve at all B) depends upon the long-run aggregate demand curve C) shift it to the right D) shift it to the left
The demand for lumber is particularly derived from the demand for
a. housing b. carpenters c. lawn services d. farmland e. dollhouses
The price of a stock is currently $750 and the stock will pay a $43 dividend. The interest rate is 7.5%. Based on the dividend-discount model, what is the expected price of this stock for next year?
A. $691.17 B. $657.67 C. $763.25 D. $651.17
Because public goods are characterized by being collectively consumed,
A. they are illegal. B. they are very expensive; thus the private sector cannot provide them. C. the government cannot produce them. D. the private sector may not provide them because they cannot exclude those who do not pay.