Lobbying efforts by individuals and firms:
a. increases productive efficiency in the economy.
b. merely transfer income and wealth from one individual or group to another.
c. enables the firms to experience economies of scale.
d. improves the overall standard of living in the economy.
e. helps the economy to produce the efficient level of output.
b
Economics
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Would the Waxman-Markey law achieve production efficiency?
What will be an ideal response?
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If the exchange rate changes from $2.00 = 1 euro to $1.98 = 1 euro then
A) the dollar has appreciated. B) the euro has appreciated. C) the euro has stayed constant in value. D) the dollar has depreciated.
Economics