A zero pollution level is not achievable because
A) corporations would lobby against it.
B) it implies no production and no consumption.
C) it implies an output level larger than that from a competitive market equilibrium.
D) consumption would be larger than production.
B
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Indifference curves that are thick violate
A) the assumption of transitivity. B) the assumption that more is better. C) the assumption of completeness. D) none of the assumptions.
If the tax on gasoline is increased to provide incentives to curb air pollution, then the tax serves as
A. An emission charge. B. A pollution fine. C. A user fee. D. A command-and-control standard.
When the price of movie tickets in a certain town was reduced, the movie-theaters' revenues did not change. This suggests that the demand for movie tickets in that town has a price-elasticity coefficient of:
A. 1.0 B. Greater than 1 C. 0.5 D. Zero
Which of the following explain the natural rate of unemployment?
i. job search ii. the Okun Gap iii. the production function A) iii only B) ii and iii C) i and ii D) i and iii E) i only