An increase in the general level of prices will tend to cause, other things the same ________
A) an increase in the real value of assets
B) an increase in the real value of liabilities
C) no change in the real value of liabilities
D) a decrease in the real value of liabilities
D
Economics
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Negative externalities and the tragedy of the commons are problems that have a common source. What is this common source?
A) a lack of competition B) self-interest motives of producers and consumers C) a lack of clearly-defined and enforced property rights D) an overabundance of resources
Economics
The loss of profit to the chemical solvent manufacturer from changing its output from QC to QE is
Consider the following graph of the market for chemical solvents, production of which damages a waterbody used for recreation.
a. DGH b. DEH c. DEHG d. EH
Economics