Economists usually favor a return to the gold standard
Indicate whether the statement is true or false
FALSE
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Assume that it is predicted that for the years after you graduate from college, the entire economy will experience a long period of recession during which people's incomes decrease
What type of industry would be the best for you to find employment if this prediction is correct? An industry that produces a product that A) is income elastic. B) is income inelastic. C) is inferior. D) is a complement. E) none of these industries
Some economists argue that free trade is beneficial regardless of the actions of a country's trading partners, including trading partners that heavily protect their home markets
Indicate whether the statement is true or false
A graph conveys information about a cause-and-effect relationship.
Answer the following statement true (T) or false (F)
According to the dual-control approach, states set abatement levels for existing stationary sources below the EPA-administered standard for new sources. The "new source bias" associated with this approach is that
a. firms have an incentive to shut down their businesses b. states have an economic motive to set very stringent standards for existing sources c. firms have an incentive not to start new construction and instead remain in older, existing facilities d. the EPA has an incentive to set lenient standards for new sources