The middle Atlantic colonies were more popular than New England as destinations for immigrants before 1770 because of their more liberal religious attitudes and the availability of land
Indicate whether the statement is true or false
True
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In the expenditures approach of national income accounting, C, I, and G include expenditures for ________.
A. domestically-produced, as well as imported, goods and services B. exported goods and services C. domestically-produced goods and services only D. the private sector of the economy only
A common complaint about environmental law and enforcement is that it
a. applies only to firms that produce goods, not services b. is politically motivated c. doesn't work at all d. can be too burdensome to producers e. still results in some pollution
If coal and oil are substitute inputs in the production of electricity, an increase in the price of oil
a. will increase the demand for coal. b. will reduce the demand for coal. c. will increase the supply of coal. d. will reduce the supply of coal. e. will not affect the demand for coal.
Consumer surplus is
a. the amount a buyer is willing to pay for a good minus the amount the buyer actually pays for it. b. the amount a buyer is willing to pay for a good minus the cost of producing the good. c. the amount by which the quantity supplied of a good exceeds the quantity demanded of the good. d. a buyer's willingness to pay for a good plus the price of the good.