To efficiently improve environmental quality, it is usually
A) better to focus on the hardest areas to clean up first since these usually are the biggest problems.
B) more appropriate to concentrate on the physical quantities of pollution rather than on economic costs.
C) best to set up stringent emission standards that must be followed by everyone.
D) better to focus on economic damages rather than physical quantities of pollution.
D
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Sustained federal deficits tend, other things the same, ________
A) to decrease income inequality in the United States B) to decrease income inequality in Europe but not the United States C) to increase income inequality in the United States D) have little effect on the distribution of income in market economies
If you believe that all workers should be paid the same, you believe in the
A) egalitarian principle. B) productivity standard. C) benefits standard. D) comparative worth principle.
Suppose Sam's Shoe Co. makes one kind of shoe. An example of a variable cost for this company would be:
A. the design pattern for the shoes. . B. the leather needed to make the shoes. C. the lease to the factory building. D. All of these are examples of variable costs.
Answer the next question on the assumption that the legal reserve ratio is 20 percent. Suppose that the Fed sells $500 of government securities to commercial banks buys $500 of securities from individuals, who deposit the cash in checking accounts.
As a result of the above transactions, reserves in the banking system will: A) remain unchanged B) rise by $100 C) fall by $100 D) rise by $1000