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.
This chart illustrates the four quadrants in which we can place the relationships between the state
Teresa Hubbard and Alexander Birchler, Detached Building.
Equipment and supplies used during a physical examination.
Venipuncture equipment.
Building a Client Base
Four terrorist incidents. Clockwise from top left: the Alfred P. Murrah Federal Building after ...