Suppose an American worker can make 100 chairs or catch 1000 fish per day. On the other hand, a Chilean worker can produce 40 chairs or catch 400 fish per day. The United States possesses a(n) _______________ advantage in chair production, but not a(n) ______________ advantage in fish production.
A. absolute; comparative
B. comparative; absolute
C. absolute; absolute
D. comparative; comparative
A. absolute; comparative
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Some environmentalists have criticized tradable emission allowances on the grounds that they give permit holders a license to pollute
Furthermore, environmentalists argue that those who sell their permits receive a monetary benefit from their contribution to polluting the environment. Use economic reasoning to evaluate this criticism.
Tobin's q is defined as the market value of firms ________ the replacement cost of capital
A) times B) minus C) plus D) divided by
Refer to the information provided in Figure 16.1 below to answer the question(s) that follow. 
Figure 16.1 Refer to Figure 16.1. What is the total damage imposed as a result of producing the efficient level of fertilizer?
A. $0 B. $250 C. $300 D. $500
The key to pollution abatement lies in forcing polluters to externalize their pollution costs.
Answer the following statement true (T) or false (F)