The major problem with direct controls as an environmental protection measure has been
a. inept administrators.
b. corrupt judges.
c. illegal dumping.
d. legislation with no teeth.
d
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What creates an incentive for firms in a collusive agreement to cheat and increase output?
What will be an ideal response?
A tax on the sellers of coffee mugs
a. increases the size of the coffee mug market. b. decreases the size of the coffee mug market. c. has no effect on the size of the coffee mug market. d. may increase, decrease, or have no effect on the size of the coffee mug market.
Assume that the total utilities for the fifth and sixth units of a good consumed are 83 and 97, respectively. The marginal utility for the sixth unit is:
a. -14 b. 14 c. 83 d. 97
Which of the following models best represents the relationship of income to output?
a. a pyramid b. a circle c. a spectrum d. a web