Overfishing and extinction of species arise because of:
a. an abundance of natural resources.
b. communist countries.
c. the lack of incentive to take care of these species.
d. private ownership of these resources.
e. a high degree of economic freedom in all countries.
c
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When economists make
a. positive statements, they are speaking not as scientists but as policy advisers. b. positive statements, they are speaking not as scientists but as forecasters. c. normative statements, they are speaking not as scientists but as policy advisers. d. normative statements, they are speaking not as policy advisers but as model-builders.
The cost of offering safe versus risky jobs in the highway construction industry vary across firms. In the end, we would expect the market equilibrium to
A. have firms that face a high cost of offering safe jobs to pay the lowest wages. B. randomly match workers to jobs. C. have firms randomly choose their level of safety. D. match workers who dislike risk to the highest paying jobs. E. match workers who dislike risk to firms that find it cheapest to offer safe jobs.