The environmentally friendly firm will operate at a lower marginal and average cost than those firms that shift some costs onto society in the form of external costs
Indicate whether the statement is true or false
false
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How does GDP account for something that was produced for sale in one year and sold in the next year?
A. It is counted in the first year, and anything that happens later does not count. B. It is counted in the second year. C. It is counted twice. D. It is counted as an addition to inventory (which is in business investment) in the year it was produced, and the markup is counted in the year in which it is sold.
In 2015, the U.S. imports from the rest of the world were approximately
A. $2.852 trillion. B. $2,852 million. C. $2.852 billion. D. $2,852 trillion.
The rise in average living standards experienced by most industrialized countries:
A. was more rapid before 1870 than after 1870. B. has been continuous over the course of human history. C. has resulted primarily from an increase in population worldwide. D. has been more rapid since 1950 than before 1950.
Your textbook discusses "dry" counties in the U.S. What is a dry county?
A) A county where rainfall is below the national average B) A county that experiences no rainfall C) A county in which it is illegal to produce, purchase and sell alcohol D) A county in which only dry gin is consumed