Less of an economy's resources will be channeled into building new factories and equipment when:
a. interest rates are high.
b. households decide to save more of their income.
c. firms are optimistic about their future profits.
d. aggregate income increases.
e. an economy has a trade deficit.
Question 2
From an economic viewpoint, the optimal amount of pollution:
a. is zero since all pollution imposes costs on society.
b. is that amount which firms create when they maximize economic profits by setting their marginal private costs equal to market price.
c. is that amount where the marginal social costs of producing a good precisely equals the price of the good.
d. b and c are correct.
Building competency in safety
Surface Water Resources
Major trunk lines carrying long-distance traffic crisscrossed the area east of the Mississippi. The
On March 25, 1911, as scores of young factory girls leaped to their deaths from the eighth, ninth, a
Renzo Piano Building Workshop, Aerial view of Kansai International Airport, Osaka, Japan.
Equipment and supplies used during a physical examination.