If the MB of polluting decreased, then what would happen to the optimal level of pollution?
A. Decrease
B. Unsure
C. Increase
D. Stay the same
Answer: A
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Explain briefly the vent-for-surplus theory of international trade. What is the relevance of this theory to the current development experience of low-income economies?
What will be an ideal response?
The vertical intercept of the consumption function is used to determine the break-even level of real disposable income
a. True b. False Indicate whether the statement is true or false
An import quota for sugar results in an increase in
A) the domestic market price of sugar. B) the domestic demand for sugar. C) the domestic market supply of sugar. D) sugar imports.
An example of an implicit cost is
A. a business using a building owned by the business owner. B. the payment of interest on a bond. C. payment of a salary to a CEO of a company. D. a payment to a resource owner.