In economics, the optimal level of pollution is
A) zero.
B) the level for which the net benefit from reducing the pollution is greatest.
C) the level for which the total benefit from reducing the pollution is greatest.
D) the level which generates a positive externality.
B
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If, as a consumer, Jeannine is very sensitive to changes in the price of pineapples,
A) her demand is price elastic. B) her demand is price inelastic. C) her supply is price elastic. D) her supply is price inelastic.
The theoretical effects of taxation on portfolio composition are ambiguous.
A. True B. False C. Uncertain
If the Engel curve for a good is upward sloping, the demand curve for that good must be downward sloping
What will be an ideal response?
Why does our government enforce antitrust legislation?
A) because monopolies are known to be unfair to their stockholders B) because monopolies are known to be unfair to their employees C) because the government wants to create competition in markets in the interests of promoting efficiency D) because the government wants to create competition in markets in the interests of promoting an equal distribution of income