Some of the newer pollutants that have appeared
A. are far more visible to the eye than older pollution.
B. cause damage that is easily reversible.
C. pose no significant long-term hazards.
D. are far more dangerous than older forms of pollution.
Answer: D
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Use the following table to answer the next question.Labor Compensation (Wages and Benefits)$9,560 billionProprietors' Income$615 billionNet Interest$1,024 billionCorporate Profits$2,049 billionRent$409 billionWhat is the value of national income?
A. $13,248 billion B. $13,042 billion C. $13,657 billion D. $12,427 billion
Which of the following is an example of a normative economic statement?
A) Prices rise when the government prints too much money. B) Universal access to quality health insurance is the most important domestic policy issue of our time. C) Interest rates rise when the government runs persistent budget deficits. D) Extending the time in which laid-off workers are eligible to receive government unemployment compensation has increased the unemployment rate. E) Lowering marginal income tax rates depresses consumer spending.
The change in a firm's total revenue due to selling an additional unit of output is known as
a. marginal revenue b. average revenue c. price d. marginal cost e. marginal revenue product
Appreciation is the term used to describe
A. the conversion of one currency into another currency in the free market. B. a reduction in the official value of a currency. C. the upward movement of currencies in a free market. D. an increase in the official value of a currency.