Interest in environmental problems has intensified, perhaps because
a. for the first time in history in the 1970s people began to die from pollution-related diseases.
b. rising incomes have caused people to be more concerned with the quality of their lives.
c. the centrally planned economies are polluted.
d. All of the above are true.
b
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A banking panic is an episode in which:
A. commercial banks, concerned about high interest rates, rush to borrow at the Federal Reserve discount rate. B. commercial banks, fearing Federal Reserve sanctions, unwillingly participate in open-market operations. C. depositors, afraid of increasing interest rates, attempt to engage in discount-window borrowing at the Federal Reserve. D. depositors, spurred by news or rumors of possible bankruptcy of one bank, rush to withdraw deposits from the banking system.
Fewer than three percent of families are poor for eight or more years
a. True b. False Indicate whether the statement is true or false
When average total cost rises if a producer either increases or decreases production, then the firm is said to be operating at efficient scale
a. True b. False Indicate whether the statement is true or false
Define monopsony