Regarding the causes of pollution, economists believe that:
a. the pricing system has failed.
b. the public interest requires that pollution to be reduced below its market level.
c. a firm pollutes the air and water because they are free.
d. All of the above are correct.
d
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Explain the relationship between potential GDP and real GDP in the United States since the early 1960s. You do not need to tell what happened during any specific year; just describe the general relationship
What will be an ideal response?
Which of the following industrial policies are effective for developing countries to deal with inflows of capital from overseas?
A. Import substitution, export-led growth, and clustering. B. Import substitution, export-led growth, and crowding out. C. Import substitution, government subsidy, and clustering. D. Market Substitution, government subsidy, and crowding out.
Which of the following will create a demand for or a supply of currencies?
a. Trade in goods b. Trade in services c. Trade in financial instruments d. Any of the above.
the combination of price level and real output that is compatible with both aggregate demand and aggregate supply
What will be an ideal response?