Which of the following is INCORRECT?
a. Aggregate abatement spending in the U.S. has increased over time
b. Across all economic sectors, business spending on abatement in the United States comprises the highest proportion of aggregate abatement spending
c. Across major industries, spending on waste treatment outweighs spending on recycling
d. The petroleum and coal industry spends less on abatement than any other industry
d. The petroleum and coal industry spends less on abatement than any other industry
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The figure above shows Sam's budget line. Which of the following would result in Sam's budget line rotating outward and not changing its horizontal intercept?
A) a fall in the price of a pound of coffee B) a rise in the price of a pound of coffee C) a fall in the price of a gallon of gasoline D) a rise in the price of a gallon of gasoline
The demand for labor depends primarily on the additional output produced as a result of hiring an additional worker and
A) the additional revenue received from selling the output produced as a result of hiring an additional worker. B) the payment made to the worker for producing the additional output. C) the number of workers willing to produce the additional output. D) the elasticity of demand for the output produced by the worker.