Governments can reduce depletion of resources by restricting access to the resource
Indicate whether the statement is true or false
TRUE
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The reference base period for the CPI has an index number of
A) 100. B) 10. C) 1,000. D) 0. E) 1.
The fundamental force driving international trade is comparative _______
A. advantage: a country exports those goods that have high prices B. abundance: the country that produces more than it needs exports the good C. advantage: the country with the lower opportunity cost of production exports the good D. cost: a country trades with other countries that produce cheaper goods
What does it mean to say that an individual or a firm has internalized an externality?
What will be an ideal response?
From 1860 to 1910, U.S. statistical and qualitative evidence suggests that
(a) many migrants came during the upswings in the U.S. business cycle. (b) the employment experiences and economic conditions of family and friends in the U.S. influenced the decisions of prospective immigrants. (c) economic desperation, social immobility and restricted labor opportunities "pushed" immigrants out of their homelands and into the U.S. (d) all of the above are true.