When looking at economic growth in a country, the distribution of output and income
A) is shared equally.
B) is skewed toward the lowest quintile of the population.
C) generally follows predictable patterns.
D) is not taken into consideration.
D
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The pollution charge
a. is the most commonly used market-based instrument internationally b. is sometimes implemented as an effluent charge to protect water resources c. can be used to control noise pollution d. all of the above e. none of the above
The amount that a firm receives from the sale of goods and services is:
A. total profit. B. total revenue. C. total cost. D. total benefit.
Which of the following practices are, at least in part, attempts to reduce moral hazard problems?
a. Parking ramps require customers to take a ticket with the time stamped on it from a machine in order to gain entrance. b. Factory workers are paid by the hour. c. A restaurant owner works long hours in order to make more profit. d. None of the above are correct.
Which of the following is most unlikely to lead to a reversal of a country's trade pattern?
A. A proportionate increase in output in all the sectors of the economy B. International diffusion of technology C. Shifting tastes of the country's consumers D. Growth in the country's endowment of the input that is initially scarce