Refer to Figure 7-2. Marginal private benefit is represented by which curve?
A) D2
B) Supply
C) D1
D) All of the above represent marginal private benefit.
C
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People who do not work because of physical disability are officially classified as:
a. in the labor force. b. unemployed. c. not in the labor force. d. discouraged worker.
Using the impartial spectator tool, one arrives at normative judgments based on your estimation of:
A. the goals of those individuals most harmed by the policy being considered. B. the best science available. C. your own normative judgments. D. what the blended judgment of all members of society would arrive at.
A supply restriction that restricts the amount of a good that can be imported is a(n)
A) price floor. B) price ceiling. C) black market. D) import quota.
Suppose the maintenance margin is $2,000 per contract. How much must you deposit in your brokerage account if you want to sell 20 futures contracts?
A. $2,000 B. $40,000 C. $44,000 D. $200,000