Author Question: If an economist claims there are substitutes for clean air, he is really saying A) clean air is ... (Read 94 times)

moongchi · **on:** Jun 29, 2018

If an economist claims there are substitutes for clean air, he is really saying

A) clean air is free air.
B) there are costs to cleaning the air.
C) nobody is truly harmed by unclean, polluted air.
D) dirty air is better than clean air.
E) economists don't care for clean air.

Question 2

You get bit by your neighbor's dog, and incur 200 in emergency medical expenses. What happens to GDP?

A) It increases by 200.
B) It decreases by 200.
C) It remains unchanged.
D) It depends upon whether you or the dog owner pays the medical bill.