A government policy maker is trying to decide which of four methods of reducing highway noise in a residential area should be implemented. She is looking at these four options:PlanBenefitsCostsA$500,000$490,000B$550,000$530,000C$570,000$540,000D$600,000$580,000If she uses the cost/benefit logic of economics, which plan will she propose?
A. Plan A
B. Plan B
C. Plan C
D. Plan D
Answer: C
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Which of the following is an ultimate objective of the Federal Reserve?
A) Real GDP growth B) M1 growth C) M2 growth D) Low interest rates
Prior to the Civil War (1861–1865) American capitalism was free from government influence and controls. The government only served as the protector of private property rights and the provider of national defense
Indicate whether the statement is true or false
Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
Both positive externalities and negative externalities produce inefficiency
a. True b. False