Government water resource specialists have estimated that the Great Lakes currently contain about 200 thousand tons of pesticide pollutants, the amount of new pesticide pollutants that enter the lakes are about 20 thousand tons per year, and the
stock of pesticide pollutants was about 200 thousand tons last year. Based on this information, what is the stock dissipation rate? A) Zero
B) 5 percent
C) 10 percent
D) 20 percent
C
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What is "rent seeking"? How does it apply to restricting imports?
What will be an ideal response?
Money serves as ________
A) a unit of account B) a store of value C) a medium of exchange D) all of the above E) none of the above
Which of these is an example of a contractionary fiscal policy?
a. A decrease in the sales tax rate b. An increase in unemployment insurance c. An increase in the excise tax rate d. A decrease in import duty
If the economy is operating at full employment, then
A) the unemployment rate is zero. B) everyone who wants a job has one. C) the entire labour force is employed. D) the unemployment rate is approximately 3 percent. E) none of the above.