The "acceptable deaths" notion suggests that it is better to have the benefits of a good to the buyer and seller with a specified number of deaths,
A. than to prohibit the good's production and use entirely.
B. in no circumstance.
C. than to let the good be produced outside the US.
D. but only if the deaths are of less desirable people.
Answer: A
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If gasoline prices rise by 20% and quantity demanded falls by 5%., then the price elasticity of demand is:
A) .05. B) .15. C) .20. D) .25. E) .40.
The logic of the double-dividend hypothesis may not hold because the Pigouvian tax exacerbates pre-existing distortions in the labor market.
A. True B. False C. Uncertain
Aggregate concentration can be interesting political effects more than for economic effects
Indicate whether the statement is true or false
When supply changes there is a ____, and when the price changes there is a ____. Question 23 options:
A. movement along the supply curve; shift in the supply curve B. shift in the supply curve; shift in the supply curve C. shift in the supply curve; movement along the supply curve D. movement in the quantity supplied; shift in selling plans E. change in the quantity supplied; change in supply