Given that MEC(q) = 2q2, what can be inferred about the total cost of pollution as output increases?
A) The total cost of pollution is increasing.
B) The total cost of pollution is positive.
C) The total cost of pollution is growing at a positive rate.
D) The total cost of pollution is growing at an increasing rate.
E) The total cost of pollution is changing.
D
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If net exports are equal to net foreign investment
A) the current account balance is equal to the negative of the financial account balance. B) the balance of payments is zero. C) net capital inflows are equal to imports minus exports. D) All of the above are true when net exports are equal to net foreign investment.
In 1886, what did the U.S. Supreme Court rule in Wabash, St. Louis, and Pacific Railway v Illinois?
(a) Only the federal government could regulate commerce across states. (b) Only the states had the right to regulate commerce across states. (c) Neither the federal or state governments had the right to regulate across states. (d) Railroads were not subject to any government regulation, state or federal.
Along a production possibilities curve showing capital and consumption goods production, which of the following pairs are being held fixed?
A. Unemployment and capital goods production. B. Number of resources and technology. C. Composition of the economy's output and number of resources. D. Capital and consumption goods production.
With respect to wealth in the United States, we presently find that the bottom 90 percent of Americans own approximately how much of the nation's wealth?
A. 65 percent B. 85 percent C. 30 percent D. 10 percent