Economists avoid using surveys because people often ______.
a. get confused when filling out surveys
b. mislead when filling out surveys
c. forget to answer certain questions
d. don’t have the time to answer all the questions
b. mislead when filling out surveys
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When the marginal cost of producing a bike is greater than the marginal benefit of the bike, for resource use to be allocatively efficient,
A) more bikes should be produced. B) fewer bikes should be produced. C) no more and no fewer bikes should be produced. D) it must be determined if the production of bikes can be increased. E) people must be educated to demand more bikes.
Adjustments to GDP to account for environmental impacts is
a. ecodevelopment b. sustainable growth c. externalities d. environmental accounting e. none of the above
Suppose you make a $5,000 investment that will return $3,000 in year 2 and another $3,500 in year 4. With an interest rate of 4.5%, what is the NPV of this project?
A. $247.34 B. $682.16 C. $1,500.00 D. $2,162.50
The optimal pollution level is found where the marginal social benefit of polluting equals the marginal social cost of polluting.
Answer the following statement true (T) or false (F)