According to this Application, a study of municipalities in Latin and South America found that a one degree Celsius rise in temperature was associated with

A) no measurable change in per capita income.
B) a decline in municipal per capita income.
C) a small decline in real income and a small increase in per capita real income.
D) a slight increase in municipal per capita income.

B

Economics

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A severe storm that slows postal delivery will cause

A) a decrease in Federal Reserve float. B) a decrease in Federal Reserve notes outstanding. C) an increase in Federal Reserve float. D) an increase in Federal Reserve notes outstanding.

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If a firm is a price taker, then the demand curve faced by the firm is perfectly elastic

a. True b. False Indicate whether the statement is true or false

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