Describe the costs of water pollution
What will be an ideal response?
Disease and death, poor household hygiene, declining fisheries, time and costs of providing safe water, aquifer depletion and compaction, water shortage, and increased costs of water for industrial use.
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If the owner of a local movie theater wanted to increase the theater's total revenue from movie admissions, what should the owner do with ticket prices?
What will be an ideal response?
Do you think it is correct policy that the federal government is not required to finance all of its expenditures with tax revenues and is allowed to borrow? What are the implications of this policy?
What will be an ideal response?
As the price level in the economy increases, which of the following sequence of events occur?
a) M^d (increase) --> r (inc) --> I (inc) --> AE (dec) b) M^d (dec) --> r (inc) --> I (inc) --> AE (inc) c) M^d (inc) --> r (inc) --> I (dec) --> AE (dec) d) M^d (dec) --> r (inc) --> I (dec) --> AE (dec)
All of the following are regulatory commissions dealing with industrial regulation (as distinct from social regulation) except the:
A. Food and Drug Administration. B. Federal Energy Regulatory Commission. C. Federal Communications Commission. D. 50 state public utility commissions.