Assume the price of beer is $4, the price of pizza is $10 and the consumer's income is $250. Which consumption bundle will NOT be the consumer's choice?
A) 5 Beer, 5 Pizza
B) 0 Beer, 25 Pizza
C) 25 Beer, 15 Pizza
D) None of the bundle will be chosen.
A
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New York consumers are charged five cents for every can or bottle of soda or beer that they purchase. Consumers are refunded five cents for every can or bottle that they return to a recycling center. Which environmental policy is used by New York?
a. Pollution charge b. Cap-and-trade c. Marketable permit program d. Command-and-control regulation
To promote rapid economic growth, the new growth theory would argue for increased scholarships in
a. women's studies. b. deconstructionist literature. c. post-modern sociology. d. biology.
A researcher discovered the adhesive that allows a piece of paper to be attached to a surface temporarily and then removed and reattached many times. It was many years before a use was found for this adhesive. Which of the following is true?
A. This is an example of an innovation only. B. This is an example of an invention only. C. The discovery represents an invention and the finding of a use for the adhesive represents an innovation. D. The discovery represents an innovation and the finding of a use for the adhesive represents an invention.