As pollution emission levels increase, the marginal social cost of pollution
A. falls to zero.
B. does not change.
C. increases.
D. decreases.
Answer: C
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The rational-expectations hypothesis implies that there is no need for government stabilization policies.
Answer the following statement true (T) or false (F)
Use the figure above to answer this question. Mary is the only veterinarian in a small town and rents a space for her practice. If Mary's landlord decided to charge ________ per hour in rent, Mary would ________
A) $20 more; earn $0 economic profit B) $20 more; still earn an economic profit because she is a monopolist C) $30 more; earn $0 economic profit D) $10 less; raise her prices and earn a higher profit E) $30 more; operate on the inelastic portion of her demand curve
What will happen when there is a rightward shift in the demand curve?
A) The product price will instantaneously adjust downward. B) Product prices do not change in this situation. C) Producers will decrease the product price. D) A new, higher price is not instantaneously achieved, but the price will rise over time.
What does liquidity tell us?
a. How fast as asset can be bought from an investor b. How fast cash can be taken out of a bank c. How fast an asset can be used to buy a good or service d. How fast an asset can be sold to another investor