As pollution emission levels increase, the marginal social benefit of pollution
A. increases.
B. decreases.
C. becomes infinite.
D. does not change.
Answer: B
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An important failure of the "new economics" of the 1960s was its ________ monetary policy and its ability if made ________ to offset a tighter fiscal policy
A) denigration of, tighter B) denigration of, easier C) overemphasis on, tighter D) overemphasis on, easier
Which of the following affects the interest rate on a loan?
a. all of the following b. the duration of the loan c. the tax treatment of the loan d. the administrative cost of the loan e. the risk of default on the loan
Suppose that a worker in Country A can make either 25 bananas or 5 tomatoes each year. Country A has 200 workers. Suppose a worker in Country B can make either 18 bananas or 6 tomatoes each year. Country B has 400 workers. Suppose Country B decides to specialize in tomatoes, and Country A specializes in bananas. What terms of trade would both countries agree to? One tomato for:
A. one banana B. two bananas C. four bananas D. six bananas
When economists want to hold a number of factors constant, they are demonstrating which of the following expressions?
a. Positive economics model. b. Consumer sovereignty. c. Ceteris paribus. d. Normative economics.