Refer to Figure 13-13. Economies of scale are exhausted at which output level?

Economic analysis indicates that environmental quality

a. is something that people value, and therefore are willing to pay for. b. should always be regulated by the government. c. is something people should be forced to pay for no matter what their income levels. d. is not important to most people.

If a French importer has to write a 4,000 euro check to cover a $8,000 purchase from the United States, the exchange rate is ______ dollar to a euro.

Fill in the blank(s) with the appropriate word(s).