Answer:
In order for oil producers in Sakhalin to decide to export, the world price must be below the domestic price ... FALSE
-As the country begins to export, producer surplus will increase... TRUE
-B/c the oil is produced domestically, residents of Sakhalin will pay less than the world price ... FALSE
-Even after trade is open, the producer surplus and consumer surplus will be equal ... FALSE
Marbury v. Madison strengthened the federal judiciary by establishing for it the power of judicial review, by which the federal courts could declare legislation, as well as executive and administrative actions, inconsistent with the U.S. Constitution (“unconstitutional”) and therefore null and void.
Option B
0.5 km
0.5 km = 50000 centimetres
Answer:
level of innovation in a firm.
Explanation:
Patents are a result of innovations. The higher the number of patents a firm has is a pointer that the firm is very innovative.
The option that is an example of spillover costs is A. a manufacturer continues to pollute a river because it does not pay the costs for cleaning it.
<u>'Spillover costs' refers to a consequence that affects a third party that has not taken part in a decision</u>. In other words, 'spillover costs' makes reference to the damage provoked by another person to a third party. This idea is often used to talk about pollution, as it happens in option A). In this case,<u> the consequences of pollution experienced by the third party, who must pay the costs for cleaning pollution, are the spillover costs</u>.