According to this Application, a study of municipalities in Latin and South America found that a one degree Celsius rise in temperature was associated with
A) no measurable change in per capita income.
B) a decline in municipal per capita income.
C) a small decline in real income and a small increase in per capita real income.
D) a slight increase in municipal per capita income.
B
You might also like to view...
An unregulated natural monopolist will produce the quantity at which
A) average total costs are minimized. B) marginal cost equals marginal revenue. C) marginal cost equals the long run average cost curve. D) the long-run average cost curve intersects the demand curve.
Economy A: gross investment equals depreciation Economy B: depreciation exceeds gross investment Economy C: gross investment exceeds depreciation Other things equal, the information suggests that the production capacity in economy:
A. B is growing more rapidly than that in either economy A or C. B. A is growing more rapidly than that in either economy B or C. C. A is growing less rapidly than that in economy B. D. C is growing more rapidly than that in economy B.
If government sets price supports on agricultural goods that are above equilibrium prices, what must the government do to maintain those prices?
Dent 'n' Scratch Used Cars and Trucks employs 3 salesmen. Data for their sales last month are shown in this table: Cars SoldTrucks SoldLarry105Joe99Ralph312 Based on last month's data, Joe's opportunity cost of selling a truck is selling:
A. 4 cars. B. 1/3 of a car. C. 1 car. D. 9 cars.