Compared to the efficient level of abatement, the benefit-based abatement standard

a. is twice as large in this case
b. uses fewer resources
c. is associated with higher water quality
d. is more cost-effective


c. is associated with higher water quality

Economics

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When different regions of a country produce different goods,

a. the production possibilities curve shifts to the left. b. the country becomes worse off. c. the principle of comparative advantage has been breached. d. the country becomes better off if the regions are pursuing their comparative advantages.

Economics

When a monopoly is maximizing its profits,

A) MR > MC. B) MR < MC. C) dMR/dQ > dMC/dQ. D) dMR/dQ < dMC/dQ.

Economics

Northwest Wholesale Foods sells common stock. The company is using

a. equity financing and the return shareholders earn is fixed. b. equity financing and the return shareholders earn depends on how profitable the company is. c. debt financing and the return shareholders earn is fixed. d. debt financing and the return shareholders earn depends on how profitable the company is.

Economics

Attempts to keep the economy always within a hair’s breadth of full employment is called

A. shock absorption. B. lagging. C. fine tuning. D. crowding out.

Economics