Proponents of economic growth say that pollution:
A. declines as a country moves from agriculture to industry.
B. is an inevitable by-product of growth.
C. occurs not because of growth, but because common properties are treated as free goods.
D. is detrimental to economic growth.
Answer: C
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If retailers' marginal cost from providing product-specific services for a new smart television is $50, if retailers offer the product-specific services for the television, the market ________ will ________.
A) supply; parallel shift to the left by $50 B) supply; parallel shift to the right by $50 C) demand; not shift D) demand; parallel shift to the left by $50
The investment component of GDP includes: a. funds in individual retirement accounts
b. construction of a new steel mill. c. the sale of shares of Coca-Cola stock. d. the purchase of a refrigerator by a household.
If a firm or a nation desires to maximize its output, each productive assignment should be carried out by those persons who
What will be an ideal response?
Macroeconomics:
A. studies the behavior of individual consumers, firms and markets. B. studies the behavior of the economy as a whole. C. involves the interaction between different countries in specific markets. D. studies how computer automation has changed economics.