Regarding the causes of pollution, economists believe that:
a. the pricing system has failed.
b. the public interest requires that pollution to be reduced below its market level.
c. a firm pollutes the air and water because they are free.
d. All of the above are correct.
d
Economics
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Explain why a country's gains from trade may not accrue to nationals. Indicate the differential effects on GNP and GDP
What will be an ideal response?
Economics
When quantity supplied is very responsive to a change in price, supply is
A) elastic. B) unit-elastic. C) inelastic. D) income sensitive.
Economics