The best method to reduce pollution is
A. to never start polluting.
B. dependent upon the quality of government bureaucrats and the level of greed in the society.
C. to establish private property rights.
D. dependent upon the characteristics of the resources and the transaction costs.
Answer: D
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Consider a worker who dislikes working end enjoys consuming a composite good. With labor hours on the horizontal and the composite consumption good on the vertical axis, which of the following statements are true.
A. If the worker's tastes are convex, the slope of indifference curves increases as we move to the right in the graph. B. The worker becomes better off as we move to the northwest in the graph. C. A tax on wage income does not change this worker's indifference map. D. All of the above. E. None of the above.
If many banks fail, this is likely to cause a/an
a. increase in the currency-to-deposit ratio. b. increase in the reserves-to-deposit ratio. c. a fall in the currency-to-deposit and reserves-to-deposit ratios. d. both a and b. e. none of the above.
In the above figure, what is the quantity of workers that would be hired by a monopsonist?
A) Q1 B) Q2 C) Q3 D) Q4
The rule of 70 is: a. the ratio of 70 to the growth rate of a nation
b. the sum of 70 and the growth rate of a nation. c. the difference between 70 and the growth rate of a nation. d. the product of 70 and the growth rate of a nation.