If there is pollution in producing a product, then the market equilibrium price is too high and equilibrium quantity is too low
Indicate whether the statement is true or false
FALSE
You might also like to view...
The circular flow shows that aggregate spending is larger than aggregate income because people save
Indicate whether the statement is true or false
What is the biggest obstacle to successful economic growth in very low income countries?
a. lack of education b. poor health and limited health care facilities c. high political instability d. lack of technology
If the reserve ratio is 5 percent, banks do not hold excess reserves, and people do not hold currency, then when the Fed purchases $20 million worth of government bonds, bank reserves
a. increase by $20 million and the money supply eventually increases by $400 million. b. decrease by $20 million and the money supply eventually decreases by $400 million. c. increase by $20 million and the money supply eventually increases by $100 million. d. decrease by $20 million and the money supply eventually decreases by $100 million.
Which of the following was primarily responsible for establishing the euro?
A) Lisbon Treaty B) Treaty of Maastricht C) European Finance Act D) Single European Act