Discuss the evidence on whether economic growth is bad for the environment
What will be an ideal response?
The evidence indicates that economic growth and rising living standards are good for the environment because as nations become wealthier, they tend to spend more on environmental protection and adopt better economic policies to correct environmental problems. A graph with an environmental performance index (EPI) on the vertical axis and GDP per capital on the horizontal axis shows that nations with a low level of GDP per capital have a low EPI score and nations with a high GDP per capital have a high EPI score. The results indicate that economic growth can promote a healthier environment.
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Which of the following is characteristic of a perfectly competitive market?
a. There is free entry into and exit from the market. b. Individual firms can exert a perceptible influence on the market price. c. The firms in the market produce differentiated products. d. All of these are true.
At the equilibrium price, there are
A. Surpluses. B. Shortages. C. Excess inventories. D. No shortages or surpluses.
The consumer price index (CPI), the personal consumption expenditures price index (PCE), and the core PCE have over the last 15 years
A) moved roughly together with the CPI being the most stable. B) moved roughly together with the PCE being the most stable. C) moved roughly together with the core PCE being the most stable. D) not moved together, with the CPI being the most stable.
Acid rain is an example of
a. local pollution c. regional pollution b. global pollution d. natural pollution