The average number of months between price changes for gasoline is:
A. 0.2.
B. 0.6.
C. 1.0.
D. 1.8.
Answer: B
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Non-activists
A) distrust the ability of the political process to formulate sensible economic policy. B) argue for a constant-growth-rate rule for the money supply. C) argue that more unemployment now may prevent a lot more unemployment in the future. D) All of the above.
The inefficiency in a monopolistic competitive firm is accepted because of which of the following?
a. There is nothing that can be done to avoid the deadweight loss. b. The government creates the differentiation. c. Consumers like the variety differentiation produces. d. Consumers do not like the variety differentiation produces.
Equal increases in government spending and taxes will exactly offset each other, leaving the equilibrium level of output unchanged
Indicate whether the statement is true or false
Answer the following statement(s) true (T) or false (F)
1. Pesticide reregistration refers to a reevaluation of a previously licensed pesticide that is already on the market. 2. The primary goal of the Pesticide Environmental Stewardship Program (PESP) is to regulate pesticide use. 3. FIFRA rulings require that no pesticide be sold or distributed unless it has been registered with the EPA. 4. The incremental benefits of pesticide use can be modeled as the change in consumer and producer surplus associated with an increase in the demand for an agricultural crop. 5. The first TSCA inventory was published in the 1970s.