When profits occur in a competitive market, this indicates that
a. consumers value the goods more than the resources used to produce them.
b. producers value the goods more than the resources used to produce them.
c. producers value the goods more than consumers value the goods.
d. consumers value the goods less than the resources used to produce them.
A
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A firm will avoid producing additional emissions whenever the fee is
A) less than the MSB. B) greater than the MSB. C) less than the MCA. D) greater than the MCA. E) equal to the distance between MSB and MCA.
Which of the following statements concerning the International Monetary Fund is true?
a. The IMF was created to help finance economic development in poor countries. b. One of the principal aims of the IMF is to discourage international trade and encourage countries to become self-sufficient. c. The IMF lends money to countries experiencing large balance-of-payments surpluses. d. When the IMF lends currencies, it always insists on the borrowing country taking action to reduce its balance-of-payments surplus. e. The IMF obtains funds from annual membership fees charged to member countries.