Which one of the following policies would not reduce water use?
a. Full marginal-cost pricing
b. Microirrigation technology
c. Reusing wastewater for industrial uses
d. Subsidizing irrigation systems
e. Removing water subsidies
Answer: d. Subsidizing irrigation systems
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One problem with measuring a durable good's cost is
A) how to allocate the initial purchase cost. B) how to account for depreciation of the good. C) that the good may break before the end of its estimated useful life. D) when to decide to throw it away for a newer model even if the cost has not been accounted for.
In recent years, the national debt was about 120 percent of the U.S. GDP
a. True b. False Indicate whether the statement is true or false
A nation's monetary base changes when:
a. Funds cross our imaginary line. b. The federal government increases spending. c. Central banks swap currencies with each other. d. The central bank reduces the reserve requirement. e. None of the above.
As the number of firms in a cartel increases, the easier it is to enforce the cartel agreement
a. True b. False Indicate whether the statement is true or false