Which is the accurate statement?
A. There is no evidence that there is such a thing as global warming.
B. By the end of the century, most of the cities on the east coast and the west coast will be under water.
C. The effects of global warming are uncertain.
D. Scientific opinion is virtually unanimous about the effects of global warming.
C. The effects of global warming are uncertain.
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Which of the following would shift the aggregate demand curve to the left?
A) an increase in the money supply B) a cut in federal income taxes C) an expected decrease in future income D) an increase in the price level
In maximizing economic profit, the monopolist will
A) choose the highest price that still permits some output sales. B) equate marginal cost to minimum average total cost. C) equate price to marginal cost. D) equate marginal revenue to marginal cost.