When firms hold excess labor, the value of the multiplier increases.
Answer the following statement true (T) or false (F)
False
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If this pollution occurs, the marginal social cost equals the
A) marginal external cost. B) private marginal cost. C) sum of the private marginal cost and the marginal external cost. D) private marginal cost minus the marginal external cost.
If the value of bank's loans declines, what is the corresponding reduction in a liability entry that the bank makes?
A) Deposits are reduced by the amount of the decline in the value of the loan. B) Borrowings are reduced by the amount of the decline in the value of the loan. C) Net worth is reduced by the amount of the decline in the value of the loan. D) Cash items in the process of collection are reduced by the amount of the decline in the value of the loan.
Fixed investment refers to investment in stocks, bonds, and improvements to land
a. True b. False Indicate whether the statement is true or false
If a person gives a gift to another person, an economist would say that it is because
A) the marginal benefit of giving the gift is at least as great as the marginal cost of giving the gift. B) the marginal cost of giving the gift is at least as great as the marginal benefit of giving the gift. C) he expects to receive a gift in return. D) none of the above