The income-expenditure identity for an open economy is:
A. Im ? Ex = C + I.
B. Y = C + I + G.
C. Y = C + I + G + NX.
D. Y + G = C + I ? NX.
C. Y = C + I + G + NX.
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Adjudication, as discussed in the text, is a process for settling disagreements by supporting and enforcing which rights?
A) Rights based on an original act of mixing human labor with previously unowned resources B) The most ancient rights, whether or not they have been enforced C) The most widely and confidently accepted rights D) The rights of the majority
If AC < p where MR = MC
A) firms earn positive profits and new firms will enter. B) firms earn negative profits and existing firms will leave. C) firms earn zero profits and new firms will not enter and no existing firms will leave. D) None of the above.
During the pre-Revolutionary period American colonists used their market power to rebel by:
a. organizing nonimportation associations in response to taxes. b. organizing powerful labor unions. c. creating large manufacturing firms that competed with English manufacturers. d. forming farming cartels that increased the prices of American agricultural exports. e. All of the above.
As emissions levels stabilize for a stock pollutant
a. Health and other impacts also stabilize b. Health and other impacts begin to decrease c. Health and other impacts continue to increase d. Health and other impacts may increase or decrease e. Health and other impacts are reduced to zero