Suppose research indicates that the effects of a one degree increase in Earth's average temperature would be much more devastating than previously believed. Therefore, the greater the marginal benefit of reducing greenhouse gases, other things constant,
a. the lower the optimal level of emissions
b. the higher the optimal level of emissions
c. the likelier that the level of emissions would have no effect
d. the lower the optimal level of cleaner air
e. None of the answers is correct
A
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The slope of the credit demand curve from the text book implies that the:
A) higher the rate of taxation, the lower the quantity of credit demanded. B) higher the real rate of interest, the higher the quantity of credit demanded. C) higher the real rate of interest, the lower the quantity of credit demanded. D) higher the rate of taxation, the higher the quantity of credit demanded.
Refer to the figure above. What is the optimal number of machines rented if the market rental price is $5 per month?
A) 20 machines B) 40 machines C) 80 machines D) 100 machines
A pandemic causes the deaths of a large proportion of the working-age population in the country of Alpha. As a result the real wage in Alpha ________ and employment in Alpha ________.
A. decrease; increase B. decrease; decrease C. increase; increase D. increase; decrease
The above graph shows the demand and cost conditions facing a price-setting firm. What is the maximum amount of profit the firm can earn? a -$180
A. $120 B. -$80 C. $60 D. none of the above