A prisoner's dilemma exists for global pollutants because:
a. countries do not face the full cost of pollution that they generate.
b. countries that regulate pollution gain more than countries that do not regulate pollution.
c. countries that regulate pollution lose more than countries that do not regulate pollution.
d. no country follows international agreements to limit pollution.
Ans: a. countries do not face the full cost of pollution that they generate.
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Refer to Table 2-1. Assume Dina's Diner only produces sliders and hot wings. A combination of 50 sliders and 50 hot wings would appear
A) along Dina's production possibilities frontier. B) inside Dina's production possibilities frontier. C) outside Dina's production possibilities frontier. D) at the vertical intercept of Dina's production possibilities frontier.
Suppose a consumer is currently spending all of her available income on two goods: music CDs and DVDs. If the price of a CD is $9, the price of a DVD is $18, and she is currently consuming 10 CDs and 5 DVDs, what is the consumer's income?
a. $90 b. $180 c. $270 d. $360