Haiti was once a heavily forested country. Today, 80 percent of Haiti's forests have been cut down, primarily to be burned to create charcoal. The reduction in the number of trees has lead to devastating floods when it rains heavily
This is an example of
A) human greed.
B) the consequences of not having a market economic system.
C) the tragedy of the commons.
D) tragic externalities.
C
Economics
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Federal spending and taxation both affect and are influenced by the overall level of economic activity
Indicate whether the statement is true or false
Economics
If there is persistent inflation
A) long-run aggregate supply is growing at a faster rate than aggregate demand. B) long-run aggregate supply is growing at a slower rate than aggregate demand. C) there is an excess of total planned expenditures. D) long-run aggregate supply is constant.
Economics