According to U.S. water quality control policy, tradeable effluent permits
a. can be used to control both point and nonpoint polluting sources
b. can achieve cost savings as long as polluters' MACs are unequal
c. are generally sold by low-cost abaters
d. all of the above
e. none of the above
d. all of the above
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If the price of a good decreases, ceteris paribus, the consumer will experience (Select all that apply.)
a desire to consume a different bundle. the budget constraint rotating outwards along the x-axis the budget constraint rotating inwards along the x-axis an increase in utility. a northern or eastern movement on the indifference map a southern or western movement on the indifference map.
When a 13-year-old girl consents to babysit John's children for $5 per hour, economists assume
A) the girl was made worse off while John was made better off. B) the girl was made better off while John was made worse off. C) both parties were made worse off. D) both parties were made better off.
Refer to Table 2-6. What is Lucy's opportunity cost of making a tricycle?
A) 3/4 of a wagon B) 2 tricycles C) 3 wagons D) 1 1/3 tricycles
According to the new classical view, if the money supply and prices fall but output remains the same indicates that
a. expectations must be adaptive. b. this change in the money supply was anticipated. c. aggregate supply must have shifted upward. d. none of the above can explain this.