Which of the following observations is true?
a. Environmental damage can be reduced to zero.
b. Pollution results from a price mechanism malfunction.
c. Charging those who emit pollution is not a way of dealing with pollution problems.
d. Public interest requires pollution be maintained at its free-market level.
b
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Use the figure below to answer the following question. 
The case of substitute goods is represented by figure
A. 1. B. 2. C. 3. D. 4.
In the above figure, which movement illustrates the impact of a constant price level and a rising money wage rate?
A) E to I B) E to F C) E to J D) E to H
If the price of a good rises, then the effect on the income of the factors that are used intensively in its production will be
A) to raise income by an absolute amount that is less than the rise in prices. B) to raise income by an absolute amount that is more than the rise in prices. C) to raise income by a smaller percentage than the rise in prices. D) to raise income by a greater percentage than the rise in prices. E) to cause income to fall.
In an open economy firms sell goods and services to:
A) households, government, and foreigners. B) just households. C) just the government. D) none of the above.