Over 95 percent of the total public debt is held by banks and private individuals.
Answer the following statement true (T) or false (F)
False
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Answer the following statement(s) true (T) or false (F)
1. Ambient standards identify the desired level of environmental level to be achieved, typically expressed as a maximum allowable concentration of a pollutant. 2. Standards are the fundamental basis of most environmental policies. 3. A standard that specifies a pollution limit along with the equipment to be used to achieve that limit is called a performance-based standard. 4. If an environmental standard is set at a level where the associated marginal abatement cost (MAC) is equal to the marginal social benefit (MSB), it is considered an allocatively efficient standard. 5. Marginal social benefit (MSB) of abatement can be thought of as the reduction in damages linked to reducing pollution.
Consumer surplus is
a. the amount by which quantity supplied exceeds quantity demanded at the current market price b. the amount by which quantity demanded exceeds quantity supplied at the current market price c. the change in total utility derived from a one-unit change in the consumption of a good d. the difference between the price of the good paid by the consumer and the costs of production to the seller e. the difference between the maximum amount that a consumer is willing to pay for a given amount of a good and the amount that the consumer actually pays
Which statement is true?
A. Both unemployment compensation and personal savings are automatic stabilizers. B. Neither unemployment compensation nor personal savings are automatic stabilizers. C. Only unemployment compensation is an automatic stabilizer. D. Only personal savings is an automatic stabilizer.
A constant-cost industry is one in which:
A. input prices do not change as output changes in the long run. B. supply is highly inelastic. C. the short-run supply curve is horizontal. D. All of these