The marginal social benefit of air quality
a. declines as air quality increases
b. rises as air quality increases
c. remains constant as air quality increases
d. first falls then rises as air quality increases
e. is always negative
A
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Use the following graph of the demand for pasta to answer the question below.
Refer to the three demand curves for pasta and assume that pasta is an inferior good. Which of the following would shift the demand for pasta from D1 to D3?
A. an increase in the price of pasta B. a decrease in consumer incomes C. an increase in consumer incomes D. a decrease in the price of pasta
The Federal Funds Rate is ________
A) the rate charged on overnight loans between banks B) the rate charged on corporate bank loans to healthy "prime" borrowers C) the rate charged on U.S. Treasury bonds by the Federal Reserve D) the rate charged on U.S securities with maturities of less than a year E) none of the above
Changes in the Lorenz curve since 1929 in the United States indicate that
A) the distribution of income today is identical to what it was in 1929. B) the distribution of income is slightly less equal today than in 1929. C) the distribution of income is slightly more equal today than in 1929. D) the distribution of income is much more equal today than it was in 1929.
Having free entry and exit in a market can help drive:
A. innovation. B. cost-cutting. C. quality improvements. D. All of these occur more often with free entry and exit.