What would happen to the optimal amount of pollution if studies found dangerous effects of SO2 cause cancer and the government takes away subsidies to companies for cleaning up their pollution?
A. Uncertain
B. Increase
C. Stay the same
D. Decrease
Answer: A
Economics
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What is an imperfectly competitive industry?
What will be an ideal response?
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Tax revenue is greater the more price elastic the demand curve
Indicate whether the statement is true or false
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About what price per barrel of oil is necessary for biodiesel to become economically viable as an alternative energy source?
A. $30 per barrel B. $50 per barrel C. $100 per barrel D. $80 per barrel
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The production possibilities curve in Figure 2.1 illustrates the notion of
A) opportunity cost. B) increased factory goods production. C) diminishing resources. D) increased farm produce production.
Economics