According to the shortsightedness effect, politicians tend to favor projects with:

a. short-run benefits and short-run costs.
b. short-run benefits and long-run costs.
c. long-run benefits and short-run costs.
d. long-run benefits and long-run costs.


b

Economics

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Ifinstead the NAAQS were legislated to achieve efficiency, find the efficeint abatement level(AE) for sulfur dioxide.

Suppose that the MSB and MSC of abating sulfur dioxide are as follows. Use these functions to answer parts (a) and (b) below. MSB = 32 – 0.2A MSC= 16 + 0.2A

Economics

Compare and contrast the marginal and average tax rates

What will be an ideal response?

Economics

In September 1929, Roger Babson predicted the collapse of the stock market

Indicate whether the statement is true or false

Economics

Productivity is defined as:

a. output per unit of capital. b. output per labor hour. c. output divided by the price level. d. the percentage change in total annual output.

Economics