The modification of manufacturing processes so as to reduce the resulting environmental damage is an endeavor that requires capital investment, labor inputs, and technology. What then follows from this statement?
A. Environmental damage is a regrettable but necessary side effect of economic growth.
B. The way to reduce pollution is to educate people about its effects.
C. The condition of the environment will be better in slower-growing countries.
D. Economic growth can benefit the environment.
Answer: D
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Real-world applications of deposit-refund systems include
a. programs implemented through state bottle bills b. initiatives aimed at proper disposal of lead-acid batteries c. programs that create incentives to return scrapped vehicles d. all of the above e. none of the above
Which of the following policy tools is directly controlled by the Trading Desk at the Federal Reserve Bank of New York?
A) the spread between the discount rate and the federal funds rate B) the spread between the federal funds rate and the interest rate on banks' required reserves C) open market sales and purchases D) the required reserve ratio
An example of physical capital is:
A. a tractor. B. a farmer. C. a high-yield seed varietal. D. All of these are examples of physical capital.
Information asymmetries are defined to be when:
A. one party to a transaction has more information that another. B. information isn't readily available to anyone. C. one party withholds information from the other party. D. both sides to a transaction have equal information.