The current chairman of the Federal Reserve Board of Governors is

Andrew and Sarah are two traders in a pure exchange economy with two goods, Bikes and TVs. Suppose Andrew has preferences given by: U(B,T) = BT where B is the number of bikes and T is the number of TVs

Sarah only derives utility from TV, so her utility function can be given by: V(B,T) = T Describe the contract curve.

The British economist A. C. Pigou

a. wrote The Economics of Welfare in 1911. b. offered an explanation of the market economy's poor environmental performance. c. outlined an approach to environmental policy still in favor with economists today. d. All of the above are correct.