The issuing of tradeable pollution permits is a government-involved approach to dealing with pollution.

Answer the following statement true (T) or false (F)


True

Economics

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The figure above shows the market for fast food restaurant employees in a college town in a small nation to the East. The local Taco Bell pays its workers $12 an hour. This wage rate is

A) designed reduce the unemployment rate. B) an effort to increase the demand for labor. C) illegal because the equilibrium wage rate is $6 an hour. D) an efficiency wage aimed at reducing employee turnover. E) the actual equilibrium wage rate.

Economics

How did the gold standard help countries rectify the balance of payment problem? What were the problems associated with the gold standard?

What will be an ideal response?

Economics

If a profit-maximizing firm’s fixed cost of producing widgets falls,

A. its total cost curve is unaffected. B. its marginal cost curve shifts down. C. the firm will produce more widgets. D. the firm’s average profit per widget produced rises.

Economics

Define economic immigrants

What will be an ideal response?

Economics