Who among the following exercises a right to pollute?
A) A cigarette smoker
B) An automobile driver
C) An owner of a coal-fired electrical utility
D) A user of household sprays
E) All of the above.
E
Economics
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Suppose the price level increases and real GDP remains the same. Then
A) nominal GDP must decrease. B) nominal GDP must remain unchanged. C) nominal GDP must increase. D) none of the above are true.
Economics
Answer the following questions true (T) or false (F)
1. A prisoner's dilemma leads to a noncooperative equilibrium. 2. A member of a cartel earns more profits by producing more than its quota and selling at a price higher than the cartel's price. 3. Collusion is common in oligopoly and monopolistically competitive industries.
Economics