The Endangered Species Act has
A) caused a loss of economic activities on some private land.
B) saved all endangered species without affecting anyone.
C) further reduced the number of endangered species.
D) had no impact on either the number of endangered species or other economic activities.
A
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Total utility can be calculated as the
a. difference between all marginal utilities b. price paid for one good c. sum of all marginal utilities d. total expenditure on all units of the good the consumer buys e. difference between the marginal utilities of the first and last units
Which of the following is true of foreign exchange markets?
A. Most foreign exchange trading involves the exchange of U.S. dollars for other currencies. B. Individuals' exchanges of currencies comprise the largest portion of overall foreign exchange trading. C. The laws of demand and supply are not applicable in a foreign exchange market. D. The foreign exchange market is a single gathering place where traders shout buy-and-sell orders at each other.