Should third World limit pollution
‘In developing countries there are some controls on aspects of pollution like exhaust fumes. How would you evaluate whether these countries, from their point of view, must invoke legislation to enhance the atmosphere in these respects?’
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It relates welfare economics to this significant question which frequently gains media attention. This considers the opportunity cost of these controls.
Can the value of APS be negative:Yes, the value of APS is negative; when there are dissavings.
At the quantity where a demand of monopolist is unitarily elastic, so marginal revenue is: (1) positive. (2) negative. (3) one. (4) zero. (5) infinite. Hey friends please give your opinion for the problem of
What is capital markets efficiency?
Can someone help me in finding out the right answer from the given options. In the year 1950 the federal government enhanced interstate highways, therefore decreasing the: (1) Demand for and the volume of highway travel. (2) Growth rate of city sprawl. (3) Demand for
The substitution effect helps most in describing why: (1) Demand curves slope down. (2) Goods are either complements or substitutes. (3) Air travel costs less than by walking the cross country. (4) Uncertainty regarding quality justifies govt. control
A firm which practices predatory pricing as: (w) tends to incur short-run losses greater than its rival. (x) lowers its price to drive out its rival and then keeps the price low to discourage extra entry. (y) will sell similar amount of output as when
Describe how changes in the prices of other products influence the supply of a specific product.
If comparing market structures, when economies of scale are unimportant: (w) the most efficient form of market structure is a pure monopoly. (x) purely competitive industries and price discriminating monopolies are equally efficient. (y) price discrim
The official “poverty line” computed by the federal government is the income level needed to meet the perceived fundamental needs of families along with differing characteristics as size, location, etc. Therefore, it is based on: (1) a rel
When leisure is a normal good, then the demand for leisure: (i) Differs directly with the income. (ii) Has declined sharply as World War II. (iii) Is positively associated to the average age of population. (iii) Shifts left-ward as an outcome of technological advances
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