The environmental Kuznets curve suggests that
a. the environment deteriorates with development
b. the environment deteriorates up to some level of GDP then improves
c. open economies have less environmental problems
d. low-income countries have more environmental problems
e. none of the above
B
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Suppose that the government is trying to decide between allocating its resources to build more dams or to build more freeways
In terms of forgone dams, as more freeways are constructed, the marginal benefit of additional freeways ________ and the marginal cost of additional freeways ________. A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases
Refer to Table 2.7. Use the information in the table to calculate the values for national income, personal income, and disposable personal income
What will be an ideal response?