Which statement is false?
A. Induced consumption is never negative.
B. Autonomous consumption is constant.
C. When C is positive, saving is negative.
D. When consumption is smaller than disposable income, saving is positive.
C. When C is positive, saving is negative.
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The optimal level of air quality will increase if
a. the cost of polluting increases b. pollution is found to be self-absorbing c. a new process allows pollution to be removed more cheaply d. the marginal social cost of air quality increases e. the marginal social benefit of air quality decreases
ukraine is a major producer of wheat, and exports much of its wheat to europe. if ukraine no longer is able to export to europe, consider the european market for wheat: indicate whether there is a shift in supply or demand in the european market
What will be an ideal response?
For an unconstrained maximization problem
A. the decision maker seeks to maximize net benefits. B. the decision maker does not take cost into account because there is no constraint. C. the decision maker seeks to maximize total benefits. D. the decision maker does not take the objective function into account because there is no constraint. E. none of the above
In 2015, the population of the world
A. was approximately 500 million people. B. fell below 2 billion people. C. was more than 7 billion people. D. was close to 1 trillion people.