The reversal of fortune in terms of population density suggests that:
A) areas with a higher population density in 1500 are today relatively less prosperous.
B) areas with a higher population density in 1900 are today relatively less prosperous.
C) areas with a higher population density in 1900 are today relatively more prosperous.
D) areas with a higher population density in 1500 are today relatively more prosperous.
A
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Suppose that when one person consumes a good, it is possible to provide it to others at no additional cost. Such a good is called
a. nonexcludable. b. nonrivalrous. c. a free good. d. a Clarke good.
The argument that developing countries with lax environmental standards will attract foreign manufacturers who want to escape stricter standards in their own countries is known as
A) the pollution havens hypothesis. B) the escape clause hypothesis. C) the earth destruction hypothesis. D) the environmentally destructive hypothesis.
Gross domestic product (GDP) is a satisfactory measure of both economic "goods" and "bads"
a. True b. False Indicate whether the statement is true or false
On May 12, 2011 the U.S. dollar was worth 0.70 euros. How many dollars did it take to buy one euro?
a. 0.70 b. 1.43 c. 1.70 d. 2.70