If the United States and other developed nations pay the cost of reducing public emissions, developing nations such as China could benefit from the reduction while not contributing to it In this sense, one can think of reducing carbon emissions as being like a
A) quasi-private good.
B) private good.
C) quasi-public good.
D) public good.
D
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A hike in the federal funds rate results in ________ in the real interest rate which leads to a ________ in investment
A) an increase; a decrease B) a decrease; a decrease C) a decrease; an increase D) a decrease; no change E) an increase; an increase
A price index number
a. is really a percentage. b. indicates the extent of change in prices over some period of time. c. is always greater than 100 if prices have risen during the period in question. d. All of these.
Decreases in product prices cause the consumer's:
A. budget line to shift outward from the origin. B. production possibilities curves to shift inward to the origin. C. budget line to shift inward to the origin. D. production possibilities curves to shift outward from the origin.
Recipients of Medicare tend to demand a greater quantity of low-value, high-cost services because
A. recipients are coerced into demanding such services. B. the government mandates that they demand such services. C. the services are readily available. D. the services are heavily subsidized.