Environmental economics
a. is concerned mainly with the residual flow from economic activity back to nature
b. focuses on the flow of resources from nature to economic activity
c. recognizes that the flow of residuals back to nature is preventable
d. none of the above
a. is concerned mainly with the residual flow from economic activity back to nature
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As the economy nears the end of an expansion, which of the following do we typically see?
A) falling wages relative to output prices B) rising interest rates C) rising firm profits D) rising levels of firm investment
Vacation tours to Europe invariably package visits to disparate regions: cities, mountains, and the seaside. Bundling, a type of second degree price discrimination, is most profitable when:
a. the preference rankings of vacationers travelling together are negatively correlated. b. a preference for cities is always higher than preferences for mountain vistas. c. preference rankings of vacationers travelling together are positively correlated. d. preference for the seaside is always higher than preferences for city excursions. e. no one wants to take a European vacation package to cities, mountains, and the seaside.
Which one of the four statements below is NOT like the others?
A. "The actual rate of unemployment is below the NAIRU." B. "Actual GDP is higher than potential GDP." C. "The NAIRU is lower than the natural rate of unemployment." D. "The natural rate of unemployment is higher than the actual rate of unemployment."
Explain why the law of one price may best be applied to financial assets.
What will be an ideal response?