The finite nature of the economy's resource base
a. will be solved if only we would learn to conserve
b. arises out of people's insatiable appetite for goods
c. is only a problem in developing countries
d. will disappear as technology advances
e. will persist indefinitely
E
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The majority of American workers are employed in the service sector of the economy.
Answer the following statement true (T) or false (F)
Income is distributed very unequally in ________ and very equally in ________
A) Finland and South Africa; Brazil and Sweden B) Brazil and South Africa; Finland and Sweden C) Finland and Sweden; Brazil and South Africa D) Brazil and Sweden; Finland and South Africa
Statistical studies suggest that the cost of direct controls for any target level of pollution is
a. much higher than the cost of taxes on emissions. b. about the same as the cost of taxes on emissions. c. lower than the cost of taxes on emissions. d. impossible to compare to the cost of taxes on emissions.
Table 1.1 shows the hypothetical trade-off between different combinations of Stealth bombers and B-1 bombers that might be produced in a year with the limited U.S. capacity, ceteris paribus.Table 1.1Production Possibilities for BombersCombinationNumber of B-1 BombersOpportunity cost(Foregone Stealth)Number of Stealth BombersOpportunity cost (Foregone B-1)S0NA10 T1 9 U2 7 V3 4NAThe highest opportunity cost anywhere in Table 1.1 for Stealth bombers in terms of B-1 bombers is
A. 0.5 B bombers B. 3 B bombers C. 2 B bombers D. 1 B bombers