If those who cause pollution are expected to bear its burden, then the price of automobiles should increase to cover the cost of antipollution devices.
Answer the following statement true (T) or false (F)
True
The use of automobiles pollutes the air. It is appropriate that the driver be responsible for the external costs.
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Drivers who enter an expressway during the rush hour create negative externalities whenever they
A) could have taken another route. B) drive under the speed limit. C) fail to yield as they merge. D) have no other passengers in their vehicles. E) inadvertently slow down all the drivers behind them.
Refer to Figure 3-1. An increase in population would be represented by a movement from
A) A to B. B) B to A. C) D1 to D2. D) D2 to D1.
The RBC approach has workers allocating their labor effort over blocks of time, with periods of intense activity when wages are high alternating with slack periods of vacation and leisure
This makes the labor supply curve rather ________, with unemployment an entirely ________ phenomenon. A) steep, voluntary B) steep, involuntary C) flat, voluntary D) flat, involuntary
If a regression coefficient passes the t-test, it means that
A) the regression equation is valid. B) the regression coefficient is significantly different from zero. C) the regression coefficient can be used for forecasting. D) the regression coefficient should be included in the regression equation.