Trade contributes to prosperity because:
a. every country lacks some vital resources that it can get economically only by trade.
b. each country's climate makes it a relatively efficient producer of some goods, and an inefficient producer of other goods.
c. each country's labor force makes it a relatively efficient producer of some goods, and an inefficient producer of other goods.
d. of all of the above.
Question 2
When a firm creates negative externalities by polluting, in order to achieve the socially efficient outcome:
a. the firm's production should be prohibited.
b. the firm's production should be increased and the price of its output should be decreased.
c. the firm's production should be increased and the price of its output should be increased.
d. the firm's production should be reduced and the price of its output should be increased.
The proboscis monkey demonstrates that large gut size contributes to a lower EQ.
Iceland Geothermal Resources
A close relationship between greenhouse gas emissions and a country’s gross domestic product
Growth of World Trade, 1870–2010
Effect of an Increase in R&D in the Follower Country on the Steady State
Energy Resources: Fossil Fuels