Unregulated markets will tend to
a. rapidly deplete any natural resource.
b. naturally conserve any depletable natural resource by pushing up its price every year by a constant dollar amount.
c. naturally conserve a depletable resource by pushing up its price at a constant rate every year.
d. deplete a resource unless new supplies are found.
c
You might also like to view...
Nonsmoking sections in restaurants are designed to
a. prevent third parties from causing a market failure b. increase demand by achieving market equilibrium c. prevent free riders from incurring a negative externality d. prevent third parties from incurring a negative externality e. achieve market equilibrium which cannot be achieved without the designated sections
An increase in taxes
a. raises aggregate expenditure by raising national income, thereby increasing consumption b. raises aggregate expenditure by raising national income, thereby decreasing consumption c. lowers aggregate expenditure by lowering national income, thereby increasing consumption d. lowers aggregate expenditure by decreasing consumption, thereby lowering national income e. has no effect on aggregate expenditure
For a closed economy, GDP is $18 trillion, consumption is $13 trillion, taxes are $2 trillion and the government runs a deficit of $1 trillion. What are private saving and national saving?
a. $3 trillion and $1 trillion, respectively b. $3 trillion and $2 trillion, respectively c. $2 trillion and $3 trillion, respectively d. $2 trillion and $2 trillion, respectively
Which of the following reasons why women earn less than men is considered by some to be economic, and by others to be sociological?
A. Women outnumber men. B. Women are the only ones who can give birth. C. The average man is physically stronger than the average women. D. Women are more likely to choose low-paying, "helping" professions.