According to the EPA’s first prospective study of the Clean Air Act Amendments (CAAA) of 1990,
a. these amendments do not pass the feasibility test
b. the estimated present value of benefits outweigh the present value of costs
c. the CAAA achieve allocative efficiency
d. the present value of net benefits associated with these amendments are negative
b. the estimated present value of benefits outweigh the present value of costs
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If the supply of a good decreases and it causes total revenue to increase, this shows that the good has an
A) inelastic demand. B) elastic demand. C) unit elastic demand. D) inelastic supply. E) elastic supply.
The above table shows the distribution of wealth and income in Miseria. With respect to income, the richest twenty percent of the population earn
A) 90 percent of the income. B) 11 times as much as the poorest twenty percent. C) 9 times as much as the poorest twenty percent. D) just as much as the second richest twenty percent.
What is the dominant strategy for Bob? Donna? Which strategy should each player choose to maximize the potential gain? What do you think the outcome of this game will be? Carefully explain your answers
What will be an ideal response?
Endogenous variables tend to be less volatile than exogenous ones
Indicate whether the statement is true or false