By far the largest EU exporter and importer is
a. France
b. The Netherlands
c. Germany
d. The United Kingdom
C
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Empirical evidence indicates that imposing taxes on polluting emissions by firms
A. has no effect on the amount of pollution emitted. B. does not give the government leeway to regulate more dangerous emissions differently than less dangerous emissions. C. does reduce the amount of pollution emitted. D. discourages firms from investing in new methods of pollution abatement.
If unemployment and inflation always move in the same direction, then we can infer that business fluctuations are
a. from the demand side. b. from the supply side. c. from both the demand and supply side. d. purely random events.
Which of the following statements is true?
A. People regard human life as priceless when making choices involving risk. B. Economists calculate the value of life on the basis of the cost of dying. C. Only economists behave as if life has a finite value. D. People make decisions every day that reflect the valuations they place on their own lives.
Although the necessary role of government in the economy is highly debated, many people agree that it should
A. Protect the environment. B. Protect consumers and labor. C. Provide a legal framework. D. All of the choices are correct.