Answer to Question #189232 in Macroeconomics for James

Question

QUESTION 1

The subject of this chapter is:

1. How to have our cake and eat it too.
2. How to balance economic progress with unintended effects on our planet.
3. How to bake a cake.
4. How to fry eggs.
5. How to sleep properly. 

QUESTION 2

Every country needs to strike some balance between:

1. Production and environmental quality.
2. Production and additional jobs.
3. Production and additional wealth.
4. Production and profusion.
5. All of the above.  

QUESTION 3

This is a fundamental building block of the economic way of thinking:

1. Trade allows wealthy countries to take advantage of poorer countries.
2. Trade allows poorer countries to take advantage of richer countries.
3. Voluntary exchange benefits both buyers and sellers.
4. Voluntary exchange benefits only buyers.
5. Voluntary exchange benefits only sellers.

QUESTION 4

The social costs include the private costs of production that a company incurs:

1. But none of the external costs.
2. And the external costs.
3. Without addressing the problem.
4. While addressing the problem.
5. All of the above.

Answer 1

1.How to balance economic progress with unintended effects on our planet.

2.Production and environmental quality.

3.Voluntary exchange benefits both buyers and sellers.

4.And the external costs.