Recall the Application about determining the optimal level of methane abatement to answer the following question(s).Recall the Application. The EPA has estimated the cost of methane recovery at different recovery levels. Given those costs, the efficient level of methane recovery:
A. depends on the estimate of the marginal benefit of methane recovery.
B. is zero because the costs exceed the benefits.
C. will increase if scientists determine that methane is not as harmful as it is currently thought to be.
D. will include only recovery from landfills and coal mines, but not from natural gas distribution.
Answer: A
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"The Great Depression was caused by the 1929 stock market crash.". Which of the following is an indication that this statement is false?
a. The stock market had regained most of its losses from the October 1929 crash by April 1930. b. The recessionary conditions actually began in the mid-1920s before the stock market crash. c. The Great Depression was a result of government failure to intervene in market activity. d. Economic theory indicates that a reduction in stock prices would reduce the consumer price index and thereby stimulate output and employment.
A household increases its wealth by
A) increasing its capital consumption. B) making sure that its net investment exceeds its gross investment. C) saving. D) spending more on consumption goods. E) decreasing its depreciation.
An increase in the tax rate (t)
A) will rotate the budget line upward. B) will increase the slope of the budget line. C) will shift the budget line downward. D) A and B.
Social Security wealth is the future value of the Social Security system.
A. True B. False C. Uncertain