In some industries, pollution rights are sold from one company that does not need them to another that does. In recent years, conservation groups have purchased pollution rights so they cannot be exercised. Companies in need of pollution rights will find that:
A. the prices of pollution rights have gone up.
B. the supply of pollution rights has increased.
C. the relative costs of pollution control equipment has gone up.
D. the prices of pollution rights have fallen.
Answer: A
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Patty spends $10 a week on bagels and soda. The price of a bagel is $2 and the price of soda is $1 a can. Patty buys 2 bagels and 6 cans of soda. Her marginal utility from bagels is 20 units
The price of a bagel rises to $3 and the price of a can of soda rises to $1.50. Patty now buys ________ bagels and her marginal utility from bagels ________. She buys ________ cans of soda and her marginal utility from soda ________. A) fewer than 2; increases; fewer than 6; increases B) 2; is 20 units; 6; is 10 units C) fewer than 2; is 20 units; fewer than 6; is 10 units D) fewer than 2; decreases; fewer than 6; decreases
Refer to Figure 22-4. Suppose the economy gains more capital per hour worked and experiences technological change. This is shown in the figure above by the movement from
A) E to B to D. B) A to E. C) A to B to C. D) A to D.
A classic early example of efficiency wages came in ________
A) Nazi Germany B) 1973 with the increase in OPEC-determined oil prices C) 1914 at the Ford Motor Company D) 1890 with the Sherman Antitrust Act
Which of the following is inaccurate:
a. The monetary base rises only if the central bank's assets rise. b. The monetary base rises if the central bank lowers the reserve ratio. c. An increase in government spending does not affect the monetary base. d. Foreign exchange transactions between domestic and foreign banks do not affect a nation's monetary base.