Which of the following would you expect to lead to improved environmental quality?
A. An export or production subsidy from the French government to French wheat producers
B. An export subsidy for producers of clean technology for producing paper
C. Freer trade that promotes production of manufactured goods in developing countries where environmental laws are lax
D. A voluntary export restraint on the part of Japanese auto producers
Answer: B
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The primary source of power for industrial production in the antebellum period was:
a. coal. b. steam. c. water. d. wood.
If the total cost of producing 2 pounds of cheese is $6 and the total cost of producing 4 pounds of cheese is $8, then:
a. marginal cost of producing cheese declines as output increases. b. average total cost of producing cheese declines as output increases. c. average total cost of producing cheese increases as output increases. d. average total cost remains constant irrespective of the change in output. e. marginal cost remains constant irrespective of the change in output.