Which of the following is a possible drawback of horizontal fracking?
a. A fall in the cost of recovering natural gas and oil
b. An increase in the price of gas and oil as a result of a decline in the supply of natural gas and oil
c. A fall in imports of natural gas and oil
d. A fall in environmental exploitation due to the means employed to extract oil
e. An increase in harmful air emissions, water contamination, and problems associated with the disposal of harmful waste fluids
e
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Signals may prevent adverse selection if
A) sending a false signal is cheap for the agent. B) sending a false signal is costly for the agent. C) agents as rational. D) signals are as good as cheap talk.
Suppose we are at a long-run equilibrium point in an AD-AS model. Then the money supply falls. In the short run, is there any difference between what happens in the simple quantity theory of money (SQTM) version and the monetarist version of the model?
A) There is no difference. B) In the SQTM version, the price level falls; in the monetarist version, it does not. C) In the monetarist version, Real GDP falls; in the SQTM version, it does not. D) In the monetarist version, the price level falls; in the SQTM version, it does not. E) In the SQTM version, Real GDP falls; in the monetarist version, it does not.