Increase in the number of transactors makes it difficult to negotiate private agreements for environmental goods
a. True
b. False
Indicate whether the statement is true or false
True
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Refer to Table 12.1. The expected real rate of interest for Australia is
A) -1.4%. B) 1.4%. C) 6.9%. D) It cannot be determined from the information provided.
Refer to Figure 18.3. The opportunity cost of producing pogo sticks in Livonia is
A) 2/3 of a scooter. B) 4/5 of a scooter. C) 6/5 scooters. D) 1.25 scooters.
When a person pays a loan back to a bank by writing a check for the amount due, demand deposits decline and the money supply is reduced
a. True b. False Indicate whether the statement is true or false
Income redistribution:
a. may increase total utility for society b. may decrease the total quality of production so much that total utility for society decreases c. both of the above d. neither of the above