Banks can be counted on to create the proper money flows to foster economic activity with minimal inflation and unemployment
Indicate whether the statement is true or false
F
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A consumer's utility-maximizing combination of goods is given by the bundle that corresponds to the highest point on his indifference curve
Indicate whether the statement is true or false
Some people like blue jeans that fit tightly, and some prefer blue jeans with some give. These preferences for small differences in the same kind of product create opportunities for _______________ among the companies that produce them.
a. monopolies b. monopolistic competition c. perfect competition d. price fixing
Which of the following is, so far, the most utilized method to reduce emissions of industrial pollution to politically chosen levels, while encouraging efficient choices by polluters?
a. government pollution charges or taxes b. non-tradable emission standards that cap allowable pollution for each emitter c. cap and trade emission permits d. regulations that would effectively prohibit all emissions
Private costs
A) are borne by the producers of a good or service while social costs are borne by government. B) are borne by consumers of a good while social costs are borne by government. C) are borne by producers of a good while social costs are borne by those who cannot afford to purchase the good. D) are borne by producers of a good while social costs are borne by society at large.