Future generations will be hurt by a high national debt if incurring the debt
A. was done to pay Social Security recipients.
B. resulted in heavy commitments to bail out business firms.
C. increased formation of capital.
D. slowed the formation of capital.
Answer: D
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Which of the following is the best example of a nonrenewable resource?
a. Forests. b. Oil. c. Clean air. d. Fish in the ocean.
Refer to the figure below. From this graph, you can infer that paper production:
A. generates no externalities at quantities less than 300 tons per day. B. should be prohibited. C. generates an external cost of $150 per ton per year. D. generates an external cost of $50 per ton per year.
George and Dan's political consulting firm is losing money, but it is more than covering its fixed costs. What is the most accurate statement we can make about it?
A. It will stay in business in the long run. B. It will go out of business in the long run. C. It will shut down in the short run. D. None of these statements are correct.
What is technology and what factors does it depend on?
What will be an ideal response?