Voluntarism often has proved to be weak and unreliable. Does it still have a place in controlling activities that damage the environment?
Yes, voluntary measures do have their place. They are appropriate where surveillance and, consequently, enforcement is impractical, as in the prevention of littering by campers in isolated areas, where appeals to people's consciences are the only alternative. And in brief but serious emergencies, which do not allow for time to plan and enact a systematic program, voluntary compliance may be the only workable approach.
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Which of the following statements is true about the impact of an increase in the price of lettuce?
a. The demand for lettuce will decrease b. The supply of lettuce will decrease. c. The equilibrium price and quantity of salad dressing will rise. d. The equilibrium price and quantity of salad dressing will fall. e. both a and d are true.
The aggregate supply curve
A) becomes vertical if there is excess production capacity within the economy. B) shows a negative relationship between the price level and real Gross Domestic Product (GDP). C) shows what each producer is willing and able to produce at each income level. D) relates planned aggregate production to price level.