In the United States, the air quality standards used to control criteria pollutants
a. identify the maximum allowable concentrations of each pollutant
b. are set to achieve an efficient abatement level using benefit-cost analysis
c. are known as the NESHAP
d. are achieved by all AQCRs in the nation
a. identify the maximum allowable concentrations of each pollutant
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If the demand for hamburgers decreases, the equilibrium price
A) rises and the equilibrium quantity increases. B) falls and the equilibrium quantity increases. C) rises and the equilibrium quantity decreases. D) falls and the equilibrium quantity decreases.
A demand curve will shift out for any of the following reasons except that:
a. preference for a good increases. b. price of a substitute falls. c. income rises. d. price of a complement falls.
If the production of a good generates a detrimental externality, then at that level of production of the good under perfect competition,
A. MU = MSC. B. P < MPC. C. MPC < MSC. D. MPC > MSC.
The group of economists who believed that the macroeconomy worked very well on its own were
a. microeconomists b. macroeconomists c. classical economists d. Keynesian economists e. Marxist economists