If more is better, how can you explain that more pollution doesn't violate this principle?

What will be an ideal response?

When dealing with a "bad," we recast it as a "good." In this case, we recast "pollution" as "clean air" which then allows us to state that more is better, thus upholding our assumptions about preferences.

Economics

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_____ is an online venue where businesses and individuals can hedge their uncertainty about whether legislation that affects them will be enacted

a. The American Civics Exchange b. Tradesports c. The Iowa Electronic Markets d. The Gallup and Roper surveys

Economics

If a nation is currently operating at a point inside its production possibilities curve, it

A. is fully employing all of its resources. B. is operating beyond its possible capacity. C. is utilizing its resources efficiently. D. none of the choices are true.

Economics