Which of the following would be efficient from an economic perspective?
a. Reducing the crime rate to zero
b. Changing speed limits and safety requirements so that there were no traffic fatalities or injuries each year.
c. Completely eliminating the emission of greenhouse gases
d. None of the above would be efficient from an economic perspective.
d
Economics
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In the table above, the market is in equilibrium. Then a minimum wage is set at $11 per hour. The number of workers who lose their jobs will be
A) 0. B) 1 million. C) 3 million. D) 5 million.
Economics
According to the principle of diminishing marginal utility, as an individual consumes more and more of a good or service, the total utility increases while the marginal utility decreases
Indicate whether the statement is true or false
Economics