The Endangered Species Act
a. weakened the property rights of landowners.
b. encourages landowners to find new ways to provide habitat for listed species.
c. provides compensation to landowners affected by the law.
d. has not benefited any of the species protected under the act.
A
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Which of the following best represents the effects of a decrease in the price of tomato juice, other things being equal?
a. An upward movement along the demand curve for tomato juice. b. A downward movement along the demand curve for tomato juice. c. A rightward shift in the demand curve for tomato juice. d. A leftward shift in the demand curve for tomato juice.
Spending on goods and services by all levels of government in the U.S. combined is smaller than investment spending but larger than consumption
a. True b. False Indicate whether the statement is true or false
Discuss the advantages of using an income tax system such as the one discussed in this chapter, as opposed to a consumption tax.
What will be an ideal response?
If changing the quantity produced from 10,000 to 10,001 causes total costs to increase by $15, the marginal cost at 10,000 must be $15
Indicate whether the statement is true or false