Why might it be in the direct economic interest of the United States to finance rain forest conservation programs in the Amazon?
What will be an ideal response?
Answers may include global warming effects, which may lower the productivity of the American Midwest, and loss of biodiversity for future medicines.
Economics
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Along an indifference curve for goods X and Y, the vertical and horizontal axes measure the:
a. prices of X and Y. b. total utilities of X and Y. c. quantities of X and Y. d. marginal utilities of X and Y.
Economics
If your competitors will follow your price cuts and ignore price hikes, your firm
A. faces perfect competition. B. faces a kinked demand curve. C. is the marginal price leader of an oligopoly. D. must be the most efficient firm in the industry.
Economics