Current offers to purchase or sell scarce goods take account of the wants of future generations
A) if government intervenes to give the future a current voice.
B) if people are able to predict future prices.
C) only if people are concerned for the welfare of others yet unborn.
D) only rarely because people are predominantly selfish.
B
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Suppose that the marginal cost of an additional ton of steel produced by a Japanese firm is the same whether the steel is set aside for domestic use or exported abroad
If the price elasticity of demand for steel is greater abroad than it is in Japan, which of the following will be correct? A) The Japanese firm will sell more steel abroad than they will sell in Japan. B) The Japanese firm will sell more steel in Japan than they will sell abroad. C) The Japanese firm will sell steel at a lower price abroad than they will charge domestic users. D) The Japanese firm will sell steel at a higher price abroad than they will charge domestic users. E) Insufficient information exists to determine whether the price or quantity will be higher or lower abroad.
Refer to the information above. The official unemployment rate is
A) .1. B) .2. C) .33. D) .4. E) .66.