Which of the following will likely have the strongest demand for large expenditures on environmental quality?
a. wealthy countries
b. poor countries
c. countries with air pollution problems
d. countries with water pollution problems
A
Economics
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Food is an example of a ________ good
A) nonrival and nonexcludable B) rival and excludable C) nonrival and excludable D) rival and nonexcludable
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If the government decides to levy an ad valorem tax on product with a perfectly inelastic supply. The consumers tax incidence will be
A) 0 B) 1 C) .5 D) Cannot be determined.
Economics