A conventional pollutant
a. is one that, upon exposure, will cause death, disease, abnormalities, or physiological malfunctions
b. is a default category for all pollutants that are not categorized as toxic
c. is an identified pollutant that is well understood by scientists
d. none of the above
c. is an identified pollutant that is well understood by scientists
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Labor unions ________ increases in the minimum wage because an increase in the minimum wage ________ the demand for union labor
A) support; increases B) support; decreases C) oppose; increases D) oppose; decreases E) support; has no effect on
Economists generally assume that
a. firms act to maximize the dividends paid to stockholders b. households act to maximize their wealth c. households act to maximize utility d. firms act to maximize revenue e. both households and firms act to minimize expenditures
Suppose there is a decrease in the price at which a bondholder sells her bond. In this case, the holding period return will:
A. decrease, since this lowers the capital gain. B. be negative. C. equal the coupon rate. D. increase, since yields and prices are inversely related.
Recall the Application about the free-agent market for professional baseball pitchers to answer the following question(s).Recall the Application. Why is there adverse selection in the baseball pitcher free-agent market?
What will be an ideal response?