Applying the concept of "clean enough" to endangered species, an economist means the
A. state of species endangerment where the marginal cost of cleaning equals the marginal benefit of cleaning.
B. state where no species are ever harmed.
C. state of species endangerment where the total cost of cleaning equals the total benefit of cleaning.
D. state of species endangerment where the average cost of cleaning more equals the average benefit of cleaning more.
Answer: A
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If the price of a good increases compared to the base year, then the price level also increases
a. True b. False Indicate whether the statement is true or false
Why does the census data overstate inequality?
a. They overestimate the non cash transfers received by the people from the government. b. They take into account the after-tax incomes. c. They take into account the gifts and transfer receipts from friends and relatives staying abroad. d. They do not consider the in-kind transfers received by the people from the government. e. They overestimate the medical benefits received by the people from the government.
The effects of a change in government purchases is multiplied throughout an economy...
What will be an ideal response?
When a government subsidizes the sale of milk, cooperative surplus ________ and society gets ________
A) increases; richer B) increases; poorer C) decreases; richer D) decreases; poorer