Pareto improvements occur
a. through the tax system
b. rarely in the real world
c. when the economy has reached the point of economic efficiency
d. when market exchanges take place
e. when consumers are not perfectly informed
D
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Pollutants are not harmful if they are degradable in water
Indicate whether the statement is true or false
During the depths of the Great Depression the United States' official unemployment rate reached ________ percent.
A. 15 B. 20 C. 25 D. 30
When very few substitutes for a good exist, demand will be
A. inelastic. B. elastic. C. perfectly elastic. D. unit-elastic.
A(n) ________ in inflationary expectations that causes firms to decrease their prices shifts the aggregate supply curve to the ________.
A. decrease; right B. increase; right C. increase; left D. decrease; left