If a chemical factory causes noxious fumes to be emitted in the neighborhood, a third party would be:
a. workers at the factory.
b. factory managers.
c. chemical customers.
d. local homeowners.
e. owners of the factory.
d
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We would expect
A. the demand for Coca-Cola to be relatively more elastic than the demand for soft drinks in general. B. no relationship between the price elasticity of demand for Coca-Cola and the price elasticity of demand for soft drinks in general. C. the demand for Coca-Cola to be relatively more inelastic than the demand for soft drinks in general. D. none of these to hold true.
When the economy is experiencing a negative output gap:
A. some people and some capital are unemployed. B. the economy may be in a recession. C. there is little inflationary pressure due to low demand. D. All of these statements are true.
Other things constant, a reduction in the real interest rate will
a. cause consumers to cut back on their purchases of durable items like automobiles. b. induce businesses to increase their level of investment. c. increase the natural rate of unemployment. d. increase the actual rate of unemployment.
Which countries are most and least likely to be harmed by adverse climate changes? What was the Kyoto Protocol, and how well did it address the negative effects of global warming?
What will be an ideal response?