Suppose that the government signs a international treaty that cuts the amount of carbon emitted into the atmosphere by 50 %. In the market for pollution permits, the

Suppose Sam plans to buy only popcorn and soda. He has $40 to spend per week. A change in which of the following variables will change Sam's consumption possibilities? I. price of popcorn II. income III. preferences IV. utility

A) II only B) I and II C) I, II and III D) III and IV

If all firms expect greater demand for their products or services, they will hire _____ resources like labor and capital and the economy will experience _____

a. fewer; recession b. fewer; growth c. more; deflation d. more; recession e. more; growth