Comparisons between industrialized nations and less-developed countries indicates that as income rises, the demand for a clean and well-preserved environment
a. increases by a proportional amount.
b. decreases by a proportional amount.
c. increases by a more than proportional amount.
d. decreases by a less than proportional amount.
c. increases by a more than proportional amount.
You might also like to view...
Government invention is required to solve externality problems if ________
A) transaction costs associated with private negotiations are low B) the number of people affected by the externality is small C) the number of people affected by the externality is large D) property rights are clearly defined
Define the short-run industry supply curve. Explain the two factors that can cause the short-run industry supply curve to shift to the right
What will be an ideal response?
Over the past 20 years, foreign financial investment in the United States has
A) increased significantly. B) decreased significantly. C) remained fairly consistent. D) become negative.
A political structure's enfranchisement refers to:
A. who has the right to vote. B. which territories are protected under particular laws. C. which territories are restricted by particular laws. D. the government's ability to expand its power.