Voluntarism includes methods for dealing with pollution that
a. carry no legal authority.
b. call the problems of pollution to the public's attention.
c. involve trying to persuade polluters to reduce or eliminate pollution voluntarily.
d. include all of the above.
d
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John's utility of wealth curve is shown in the above figure. He currently has wealth of $20,000, and there is a 25 percent chance that he could lose it all. If an insurance company offers to insure against this loss for $6,000, John will
A) buy the policy. B) not buy the policy. C) be indifferent between being insured and uninsured. D) There is not enough information to answer.
Higher rates of productivity growth are most closely associated with higher rates of
a. consumer spending. b. investment spending. c. government spending. d. import spending.