From an economic standpoint, the amount of pollution should be
A) zero.
B) the amount that allows firms to maximize profits.
C) the amount where firms are earning a normal rate of return on investment.
D) at the point at which the marginal benefit from further reduction equals the marginal cost of further reduction.
Answer: D
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Which antitrust act prohibits price fixing and other conspiracies and combinations that restrain trade and attempts to monopolize?
a. Sherman Antitrust Act of 1890. b. Clayton Act of 1914. c. Federal Trade Commission Act of 1914. d. Robinson-Patman Act of 1936. e. Cell-Kefauver Act of 1950.
The desire to keep assets in cash to take advantage of favorable changes in the value of non-cash assets is called the:
a. speculative demand for money. b. wealth demand for money. c. risk interest in money. d. precautionary demand for money. e. transactions demand for money.
The classical model
a. relies on the equivalency of the labor, capital, and land resource markets b. includes a land market and a labor market c. focuses primarily on capital markets d. focuses primarily on labor markets e. focuses on labor, capital, and land markets
When dealing with present value, a higher interest rate:
A. does not affect the present value of the future amount. B. decreases the present value of a future amount. C. increases the present value of a future amount. D. None of the statements associated with this question are correct.