If 1 U.S. dollar exchanges for 7.89 South African rand, how much would it cost in rand to purchase a Dell P.C. priced at $795?
What will be an ideal response?
795 x 7.89 = 6,272.55 rand
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Which of the following is an example of free riding?
A) An individual who sneaks inside a music concert B) A consumer who buys his groceries from a nearby store C) A tax payer who exercises in the public park near his house D) A club member who makes voluntary contributions to the club
An advantage emission taxes and permits have over direct controls is that the former
a. work well even if pollution output cannot be accurately measured. b. can respond quickly to new information about the dangers of particular pollutants. c. make it in firms' interests to reduce pollution in the most efficient manner possible. d. reduce pollution to zero.
The Lewis two sector model
a. Explains rapid growth in Asia b. Says that excess labor in agriculture can be used as a source of growth c. transfers a surplus from the traditional to the modern sector d. All of the above e. None of the above
Which of the following explains why managers of government agencies have little incentive to achieve operational efficiency?
What will be an ideal response?