In closing down a military base, environmental inspectors found 100 tons of toxic waste. Which of the following is NOT a determinant of the consumer surplus generated by cleaning up 40 tons of waste?
A) The price of removing a ton of toxic waste
B) The original quantity of toxic waste found by the inspectors
C) The quantity of toxic waste removed by cleanup
D) The effect of each ton reduction of toxic waste on the profitability of the alternative uses for this land
E) The effect of each ton reduction of toxic waste on the health of citizens living near the base
B
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It is absolutely necessary for at least one trader to have money for barter exchange to take place
a. True b. False Indicate whether the statement is true or false
Measuring the impact of a quota or tariff on the U.S. economy is an example of ________. Stating that a quota or tariff should be eliminated is an example of ________
A) statistical analysis; economic analysis B) positive analysis; normative analysis C) econometric analysis; protectionism D) trade analysis; an opinion