It is highly unlikely that environmental standards are set at an efficient abatement level because of
a. legislative constraints
b. the absence of full information about the MSB and MSC of abatement
c. differences in MSB and MSC levels at the regional level
d. all of the above
d. all of the above
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Adding up all transactions in the economy ________ "double counting" and thus produces ________ measure of GDP
A) avoids, a proper B) avoids, an improper C) results in, a proper D) results in, an improper
Under a fixed exchange rate system, the central bank must
a. have an unlimited supply of domestic currency. b. have a very large supply of foreign assets. c. follow a constant money growth rule. d. allow the money supply to adjust to keep interest rates and exchange rates unchanged.
Which of the following groups has the highest percentage below the poverty threshold?
a. householder with no high school diploma b. family with seven or more people c. black d. white e. single mothers
Unlike a perfectly competitive firm, a monopolist
a. can choose how much output to produce. b. cannot increase production without affecting the price she receives for her good. c. usually sells in a market with a downward-sloping demand curve. d. has an MR from increasing output by one unit equal to the price of his product.