Environmental damage
a. cannot be reduced to zero.
b. is inevitable where humans exist.
c. tends to increase as long as benefits outweigh the costs to the damagers.
d. All of the above are correct.
d
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In order for someone to switch from borrowing to saving when the interest rate falls, it must be that current consumption is an inferior good.
Answer the following statement true (T) or false (F)
All of the following are true statements about the multiplier except
A) the multiplier effect occurs when autonomous expenditure changes. B) the multiplier is a value between zero and one. C) the smaller the MPS, the larger the multiplier. D) the multiplier rises as the MPC rises.
Refer to the above figure. The above figure shows the cost structure of a firm producing an information product. Which curve represents average total cost?
A) Any of the 3 could be ATC. B) Curve 1 C) Curve 2 D) Curve 3
Required reserves represent
A. Dollars that may be lent. B. A flaw in the banking system. C. A leakage from the flow of money. D. The desire on the part of some banks to hold funds and not lend them out.