Which of the following is NOT included in the measure of M1?

The "Public Choice" school of economists argue that:

a. the invisible hand of the market is inefficient in allocating resources to their best uses. b. the government often does not take correct economic decisions as it is run by self-interested politicians. c. the government takes correct decisions as it is run by conscious and educated individuals. d. the market fails to maximize social efficiency. e. the government is a non-profit making organization which works to maximize social efficiency.

A conventional pollutant

a. is one that, upon exposure, will cause death, disease, abnormalities, or physiological malfunctions b. is a default category for all pollutants that are not categorized as toxic c. is an identified pollutant that is well understood by scientists d. none of the above