What effect does a compensated price change have on a consumer's well-being?
A. The consumer's well-being increases.
B. The consumer's well-being decreases.
C. The consumer's well-being is unaffected.
D. The effect on the consumer's well-being cannot be determined without knowing the direction of the price change.
C. The consumer's well-being is unaffected.
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Global warming refers to the effect of global pollutants such as carbon dioxide on climates on the earth. Climate-induced changes in temperatures affect, among other things, agriculture
Which of the following is a reason why policymakers are still debating if this problem should be addressed and how it should be addressed? A) There is much disagreement about all aspects of the problem: how much carbon emissions contribute to damage from climate change which in turn determines the benefits from reduction, and what methods to use which in turn determines the cost of reduction. B) Scientists agree about the damage caused by carbon emissions but disagree about the methods of reducing emissions. C) The marginal cost of reducing carbon emissions is known with certainly but the marginal benefit from reduction is not known with certainty. D) The marginal cost of reducing carbon emissions is not known with certainly but the marginal benefit from reduction is known with certainty.
Suppose there is an oligopoly in the bottled cold coffee industry. Which of the following is probably the most significant barrier to entry?
a. The existing firms have expertise in using game theory strategies. b. No patents have been granted to the existing firms in the industry. c. The existing firms own most of the coffee bean plantations. d. There are no tariffs imposed on coffee bean imports.
Briefly describe the Sarbanes-Oxley Act and explain why it was passed
What will be an ideal response?
Nations with single payer systems typically have
A. higher tax rates than exist in the U.S. B. better access to high-tech medical solutions than in the U.S. C. serious inequality in the access to basic care. D. lower life expectancies than in the U.S.