Which of the following methods of reducing the amount of trash society generates is most likely to be efficient?
A. A mandatory recycling program
B. Landfills and incinerators
C. A completely voluntary recycling program
D. A "trash tax"
Answer: D
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The table above shows a nation's production possibilities frontier. If the nation chooses to increase the production of robots from 2 to 3 and it is on its PPF, it will have to forgo ________ pizzas
A) 34 B) 35.5 C) 3 D) 37 E) None of the above answers is correct.
Dividing the number of people unemployed by the civilian labor force gives us
A) the employment rate. B) the unemployment rate. C) the labor force participation rate. D) none of the above.
A firm could continue to operate for years without ever earning a profit as long as it is producing an output where
A) ATC > AVC. B) AFC < AVC. C) MR > AVC. D) MR < ATC.
A country had a net capital outflow of 300 billion euros and exports of 400 billion euros. What was the value of its imports?