The finite nature of the economy's resource base:
A. will be solved if only we would learn to conserve.
B. is only a problem in developing countries.
C. will be solved as technology advances.
D. will always be with us.
Answer: D
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Among the chief concerns about the use of benefit-cost analysis is that
a. monetizing the benefits of a policy proposal is difficult b. identifying and estimating implicit costs isa major challenge c. equity might not be achieved if, for example, costs are distributed unevenly d. all of the above e. none of the above
An oligopoly firm with a differentiated product will generally earn the largest profits without advertising.
Answer the following statement true (T) or false (F)
"Fluctuations in exchange rates, other things remaining the same, create a situation in which money buys the same amount of goods and services in different currencies
" What does the previous statement describe? Will these fluctuations occur in the short run or the long run?
The city of London imposes congestion fees on cars and trucks that drive in central London. The charge is higher Monday through Friday than on weekends. This example of
A. peak pricing. B. positive externalities. C. profit maximizing. D. British socialism.