The developing countries have been catching up to the lower-income industrial countries in terms of economic growth
Indicate whether the statement is true or false
FALSE
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Economists tend to believe the most efficient way to induce environmental protection is through
a. standards that control economic activities b. government provision of environmentally sensitive goods and services c. market-based incentives such as taxes and subsidies d. economic planning e. none of the above
If the price of $1 is 1.67 Swiss francs, the price of a Swiss franc is
A) $0.33. B) $1.67. C) $2.00. D) $0.67.
The justification for government action based on the argument that everyone agrees to be coerced if everyone else is forced as well is not compatible with the criterion of Pareto superiority
a. True b. False
The steam engine was one of the basic innovations of the ____, which began in England around the year ____.
Fill in the blank(s) with the appropriate word(s).