The Exxon Valdez oil spill was an exception to the rule. It was the only major environmental disaster in the 1980s
Indicate whether the statement is true or false
F
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The perfectly competitive firm maximizes profits when
A) it produces and sells the quantity at which the difference between marginal revenue and marginal cost is the greatest. B) it produces and sells the quantity at which marginal revenue and marginal cost are equal. C) it produces and sells the quantity at which the difference between average revenue and average cost is the greatest. D) it produces and sells the quantity at which the difference between price and average cost is the greatest.
The concept of inequality is different from that of poverty in that inequality
a. is measured by making comparisons. b. is limited to basic human needs. c. is much easier to identify and track. d. is viewed in absolute terms.
By investing in both human capital and physical capital, Laci’s country has achieved an economic growth rate of 1.9 percent. Assuming Laci’s country can maintain this growth over time, the economy should double in approximately ______ years.
a. 133 b. 36.8 c. 3.68 d. 13.3
The Great Depression really began in the second half of the year ________.
Fill in the blank(s) with the appropriate word(s).