If a local fishing club spends time each year cleaning up local streams by removing trash thrown by motorists, efficiency would be improved if
A) motorists were fined and fishing club activities were taxed.
B) the fishing club's activities were subsidized.
C) the fishing club was taxed.
D) motorists were subsidized.
B
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Inflation is an increase in the overall price level in the economy
a. True b. False Indicate whether the statement is true or false
Which of the following may reduce the MC of companies emitting SO2 pollution?
A. The government eliminated subsidies to companies for reducing pollution. B. A study came out suggesting that additional cancers are linked to exposure to SO2 pollution. C. The government is subsidizing scrubbers which are devices that can be used to remove some SO2 pollution. D. Consumers are worried about the pollution and stopped buying the products from companies with high pollution.
According to the signaling theory of advertising, consumers
a. pay little or no attention to which firms advertise and which firms do not advertise. b. are often more impressed by a firm's willingness to spend money on advertising than they are by the content of the advertisement. c. are often more impressed by low-cost advertisements than they are by high-cost advertisements. d. gain little or no information about product quality from advertisements.
The concept that for each additional unit of a good the added satisfaction you receive from consuming the good decreases is called _____?
A. Diminishing marginal utility B. Chaos concept C. Self-interest utility D. Rational choice theory