Air pollution is a problem because
A. people are not environmentally conscious.
B. a market economy does not provide as strong an incentive for environmental cleanup as a socialist economy.
C. people make use of air without having to bear all the costs of their actions.
D. people are greedy.
Answer: C
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The expenditure multiplier only considers the impact of consumption changes on aggregate expenditures
a. True b. False Indicate whether the statement is true or false
How big is the labor force? Employed 800, unemployed 200, not in labor force 50
What will be an ideal response?
(Last Word) A caller to a radio talk show states that protesters against globalization are a collection of "anarchist punks, naïve college students, and trade union radicals." This is an example of:
A. the fallacy of composition. B. the economic perspective. C. loaded terminology. D. marginal analysis.
Using the seasonal business cycle as your guide, during which quarter would you be most likely to expect a drop in your corporation's sales, if your company produces consumer goods?
A. The first quarter of the year (January-March) B. The second quarter of the year (April-June) C. The third quarter of the year (July-September) D. The fourth quarter of the year (October-December)