Economic efficiency indicates that
a. if something is worth doing, you should do it as well as humanly possible.
b. all pollution should be eliminated.
c. automobiles should be made as safe as possible
d. it nearly always makes sense to stop an activity well before perfection is achieved.
D
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The majority of transactions in foreign exchange markets involve ________
A) transactions one the New York Stock Exchange B) exchanging one set of physical notes for another C) exchanging bank deposits denominated in different currencies D) buying and selling Treasury securities
A monopolist earns only normal profits in the long run
a. True b. False Indicate whether the statement is true or false
As labor productivity increases, which of the following shifts in the labor market should occur?
A. Supply of labor should shift to the left. B. Demand for labor should shift to the right. C. Demand for labor should shift to the left. D. Supply of labor should shift to the right.
The idea of a carbon tax makes more sense at the ________ level because it is ________.
A. individual; easier to monitor B. corporate; easier to monitor C. individual; going to have a larger impact D. corporate; going to have a larger impact