A ban on leaded gasoline has reduced ____________ pollution.
Fill in the blank(s) with the appropriate word(s).
air
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Suppose that the basket of goods purchased by the typical consumer costs $188.80 this year and it cost $160 in the base year. The CPI in the base year would be
A) 85.11. B) 100.0. C) 118.0. D) 348.8.
Marginal social cost includes both the marginal private cost and the marginal external cost that production imposes on society
a. True b. False
Tariffs and quotas are forms of exchange controls
Indicate whether the statement is true or false
Severe adverse-selection problems may result in
a. too few good used cars being offered for sale. b. wages that are too low relative to equilibrium levels. c. too many good drivers buying too much automobile insurance. d. people with average health buying too much health insurance.