If the marginal cost of water pollution abatement is increased, then the optimal amount of water pollution increases.
Answer the following statement true (T) or false (F)
False
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If Tom tattles, what would Sarah's best response be
a. Hit b. Not hit c. Run d. Hide
If you wanted to unionize workers, you could increase your chances by attempting to unionize workers
A. in the South. B. in right-to-work states. C. at foreign-owned automobile firms. D. at government agencies.
If a positive permanent supply shock were to occur, the resulting equilibrium would be a:
A. higher level of output at lower prices. B. lower level of output and prices. C. higher level of output and prices. D. lower level of output at higher prices.
After Hurricane Katrina, there was considerable public outrage that many of the properties were not insured against flooding although they were insured against wind damage. What might explain these different approaches to insurance?
A) The risk of wind damage is potentially diversifiable, but the risk of flooding is not. B) The risk of flood damage is potentially diversifiable, but the risk of wind damage is not. C) predatory insurance policies D) Neither the risk of wind damage nor the risk of flooding is diversifiable.