Supply and demand analysis
a. can be used to understand solutions to pollution, but not causes.
b. can be used to analyze how externalities lead to environmental problems.
c. cannot be used to analyze pollution, which is a physical and chemical problem.
d. cannot be used to solve the pollution problem, but can be used to analyze it.
b
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The Farm Factory, a booth at the local Farmer's Market, sells fresh eggs for $1.50 per dozen and fresh milk for $2.50 per gallon. What is the opportunity cost of buying a gallon of milk?
A) 3/5 of a dozen eggs B) $1.50 C) 1 2/3 dozen eggs D) $2.50
What is the government's major problem involved in reaching the optimal level of provision for public goods?
What will be an ideal response?
Sustained economic growth emerged in history when some nations of the world managed to create conditions where
What will be an ideal response?
Public choice theory focuses on the economics of:
A. fiscal and monetary policy. B. the behavior of business firms. C. antitrust and regulatory policy. D. government decision making, politics, and elections.