Pollution problems
A. have existed for many centuries.
B. are attributable to modern industrialization.
C. can be blamed on the profit system.
D. have worsened in every respect in the past 40 years.
Answer: A
Economics
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If a 20 percent decrease in the price of a good leads to a 15 percent increase in the quantity demanded, then demand is ________ and total revenue will ________ as a result of the fall in price
A) elastic; increase B) elastic; decrease C) inelastic; increase D) inelastic; decrease
Economics
Rather than accept delivery, most traders in futures markets choose
A) to make margin payments. B) settlement by offset. C) to mark-to-market. D) to make arbitrage payments.
Economics