Voluntary agreements about cleaning up pollution attempt to
A. internalize private costs.
B. externalize private costs.
C. internalize externalities.
D. externalize social costs.
Answer: C
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After firm A producing one good acquired another firm B producing another good, it raised the prices for the bundle of goods. One can conclude that the goods were
a. substitutes b. complements c. not related d. None of the above
The biggest plunge in farm incomes occurred
A. The early 1900s. B. After WWII. C. During the Great Depression of the 1930s. D. During WWI.
In the above figure, if the minimum wage is set at $8 per hour, the level of unemployment is ________ hours per week is
A) 40 million B) 30 million C) 20 million D) 0
Describe some of the features hindering developing countries from growing faster
What will be an ideal response?