Who may benefit from technological progress?
A) consumers
B) workers
C) firms.
D) all of the above.
Ans: D) all of the above.
Economics
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If firms were forced to take into account the full social costs of production, then
A) output would decrease but pollution levels would probably remain at the same levels. B) output would be unaffected but pollution levels would come down. C) output and pollution levels would decrease. D) output could be increased and pollution levels would decrease.
Economics
Which item in 2007 accounted for the least of total (federal, state, and local combined) government spending?
a. transportation b. education c. security d. conservation and natural resources e. interest on the debt
Economics