As part of its proposal to win the 2012 Olympics, London developed a carbon offset plan to reduce the Games' impact on the environment. In 2011, the organizers decided to drop this plan to reduce emissions. We can conclude that
A) the marginal cost of reducing emissions exceeded the marginal benefits of reducing emissions.
B) the organizers are not making a rational decision.
C) the organizers are ignoring a sunk cost.
D) there are no incentives to reduce carbon emissions.
E) it is difficult to calculate the cost of reducing emissions.
A
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An increase in the income of country A relative to the income of country B will usually lead to ________.
A. an increase in country A's exports to country B B. an increase in country B's imports from country A C. an increase in country B's demand for the currency of country A D. an increase in country A's demand for the currency of country B
If the MPC = 0.9, the multiplier would be
A) 0.1. B) 2. C) 9. D) 10.
Some health insurance companies pay only 70%-80% of the medical cost incurred by their customers. What is the reason for this?
What will be an ideal response?
The value and cost of goods are easiest to determine when the goods are
a. common resources. b. public goods. c. club goods. d. private goods.