Air pollution is a problem because
A) people are greedy.
B) people are not environmentally conscious.
C) people make use of air without having to bear all the costs of their actions.
D) a market economy does not provide as strong an incentive for environmental cleanup as a socialist economy.
C
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If a firm wants to borrow $10 million and the real interest rate increases from 5 percent to 6 percent, then the cost of the investment has increased by
A) $6 million per year. B) $100,000 per year. C) $1 million per year. D) $600,000 per year. E) nothing because the real interest rate is the return the firm will earn on its investment.
In 2011 Buckeye Brewing produced 1,000 bottles of ginger ale each day. It employed 10 workers each working 8 hours a day. In 2012 it produced 960 bottles of ginger ale each day employing 8 workers who worked 8 hours each day. Productivity at Buckeye Brewing
a. increased by 20%. b. increased by 16.67%. c. decreased by 1.67%. d. decreased by 40%.