The British economist A. C. Pigou did not do which of the following?
A. Write The Economics of Welfare in 1911
B. Offer an explanation of the market economy’s poor environmental performance
C. Outline an approach to environmental policy still in favor with economists today
D. Suggest that increases in the human population would ultimately lead to the collapse of renewable resources
Answer: D
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Charting observations on a semi-logarithmic graph will help the analyst to ascertain whether
A) absolute changes from period to period are constant. B) whether percentage changes from period to period are constant. C) whether percentage changes from period to period are declining. D) Both B and C
The price of a bond and the interest rate
A) are positively related. B) are inversely related C) are directly related. D) are linked by the capital asset pricing model.