Describe the costs of deforestation
What will be an ideal response?
Flooding, leading to disease and death; loss of sustainable logging potential, erosion potential, watershed stability, and carbon sequestration.
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Discovery of new gold in Alaska will ________ the ________ of gold, ________ its price, everything else held constant
A) increase; demand; increasing B) decrease; demand; decreasing C) decrease; supply; increasing D) increase; supply; decreasing
The government of an economy must borrow money from the loanable funds market if the value of:
a. government expenditures is lower than the value of net taxes. b. government expenditures is higher than the value of net taxes. c. consumption expenditures is lower than the value of net taxes. d. investment expenditures is lower than the value of savings.
The Scarcity Principle applies to:
A. firms primarily. B. everyone. C. poor people primarily. D. consumers primarily.
The short-run aggregate supply curve...
What will be an ideal response?