Air pollution is a problem because
A) people are greedy.
B) people are not environmentally conscious.
C) people make use of air without having to bear all the costs of their actions.
D) a market economy does not provide as strong an incentive for environmental cleanup as a socialist economy.
Answer: C
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Refer to Figure 22-1. Technological change is illustrated in the per-worker production function in the figure above by a movement from
A) A to B. B) B to A. C) D to C. D) B to C.
Communication between players prior to the start of a game that does NOT affect the payoffs is called
A) cheap talk. B) ineffective bargaining. C) a binding verbal contract. D) pareto efficient.
If the reserve ratio is 20 percent, how much money can be created from $100 of reserves? Show your work
A limit on the quantity of a good that may be imported in a given time period is
A. An import allocation. B. A comparative advantage. C. An import quota. D. A tariff.