Countries that compete by offering foreign firms a reduced set of environmental compliance requirements are known as
A) transboundary members.
B) pollution havens.
C) pollutants.
D) pollution exporters.
E) pollution guards.
B
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In a competitive industry where different firms have different cost structures, the industry supply curve is:
A) upward sloping. B) downward sloping. C) vertical. D) horizontal.
The Nash equilibrium was named after
a. Tom Nash b. John Nash c. Robert Nash d. Kelvin Nash
The production possibilities curve illustrates: a. the minimum quantity of two resources necessary to produce a given level of output
b. that when resources are currently being used inefficiently, it is possible to increase production of one good only by sacrificing some of another good. c. that when resources are currently being used efficiently, it is possible to increase production of one good only by sacrificing some of another good. d. the minimum quantities of output that can be produced using available resources.
Suppose that Dianne Lindsay spends all her income on two goods, A and B, in a manner in which the marginal utility to price ratios are not equal, MUa/Pa is greater than MUb/Pb. If at that time the price of A is higher than the price of B, then she
a. is already maximizing her total utility and should make no change b. should increase her purchases of B and decrease her purchases of A because the price of A is higher c. should increase her purchases of B and decrease her purchases of A because the marginal utility of A is higher d. should lower the price of good A relative to good B e. should increase her purchases of A and decrease her purchases of B