One of the conclusions of A. C. Pigou was that
a. a system of mandatory controls is the only effective means to control pollution.
b. a system of charges can be an effective means to control pollution.
c. pollution will wither away if a socialist system is in place.
d. pollution cannot be adequately addressed in a price system.
b
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Investment is considered to be negatively correlated with current real GDP
a. True b. False Indicate whether the statement is true or false
Can bankers create money? a. No, they do not have this power
b. No, unless they have a special charter which permits it. c. Yes, through multiple deposit creation. d. Yes, by printing checks for customers.
The concept that suggests that given the available inputs and technology, it is impossible to produce more of one good without decreasing the quantity that is produced of another good is:
a. the law of supply. b. balanced production. c. productive efficiency. d. effective demand.
An income tax increase in the Virgin Islands will cause the Islands'
a. consumption curve to shift downward b. consumption curve to shift upward c. investment curve to shift upward d. investment curve to shift downward e. economy to move to the right along its current investment curve