Recycling efforts such as those exemplified by BMW's Design for Disassembly (DFD) program
a. permanently diminish the flow of residuals back to nature
b. are not represented in the materials balance model
c. represent short-term conversion of residuals into recycled materials or goods
d. reduce the amount of wastes returned to nature in the long-run
c. represent short-term conversion of residuals into recycled materials or goods
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Diane Rae is a farmer in the perfectly competitive industry of sugar cane. She knows that she can sell more output than she currently does
a. only by lowering the price of her sugar cane b. only if she is able to drive out some of her competition c. without affecting the market price d. by raising the barriers to entry so that more of the market is left to those like herself who are already in the industry e. only if she can develop a patent on sales
If the terms of trade between any two countries lie somewhere between their respective opportunity costs, then the effects of trade will include
A. An expansion of the production possibilities for both countries. B. Less interdependence between the economies of the two countries. C. Consumption outside the production possibilities curve for both countries. D. Less output for both countries.
Why do rent controls cause deadweight losses?
a. fewer apartments are rented than in the competitive market b. more apartments are rented than in the competitive market c. tenants have to pay more than in the competitive market d. landlords can charge more than in the competitive market
Which would most likely increase aggregate supply?
A. An increase in the prices of imported products B. An increase in productivity C. A decrease in business subsidies D. A decrease in personal income taxes