In the process of reducing pollutants in our environment, we are
A. trading off less of other goods and services for a cleaner environment.
B. reallocating resources in an inefficient manner.
C. causing higher levels of unemployment.
D. achieving a cleaner environment at no real cost.
Answer: A
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At an interest rate of 6 percent, what would be the present value of receiving $22,000 twelve years from now?
A) $10,934 B) $18,645 C) $19,643 D) $20,755
"Because apples and oranges are substitutes, an increase in the price of oranges will cause the demand for apples to increase
This initial shift in demand for apples results in a higher price for apples; this higher price will cause the demand curve for apples to shift to the right." Which of the following correctly comments on this statement? A) The statement is false because oranges are inferior goods; apples are normal goods. B) The statement is false because one cannot assume that apples and oranges are substitutes for all consumers. C) The statement will be true if consumer tastes for apples and oranges do not change. D) The statement is false because a change in the price of apples would not change the demand for apples.
If you buy for $100 a bond that pays 4.57 percent in annual interest and the current interest yield on the bond rises to 5.13 percent, then the price of the bond has fallen
a. True b. False Indicate whether the statement is true or false
A market with an externality can
A. underproduce or overproduce a good. B. stabilize. C. operate efficiently without government intervention. D. move from a production point inside the production possibilities curve to a pareto optimal point.