There is "too much" steel production if the
A. social benefits of steel production are declining.
B. social costs of steel production are significantly higher than the private costs.
C. social costs of steel production are declining.
D. social costs of steel production are significantly lower than the private costs.
Answer: B
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Other things constant, which of the following would most likely cause the supply of garden hoses to decrease?
a. an increase in the price of plastic used to make garden hoses b. a technological advance that lowers the cost of producing garden hoses c. the occurrence of a very dry year with little rain d. a decrease in the price of grass seed
At what level of output will average total cost increase?
a. when marginal cost is greater than average total cost b. when marginal cost is lower than average variable cost c. when marginal cost equals average variable cost d. when marginal cost equals average total cost
Use the aggregate expenditures model and the following values to answer the next question.AMPCIGT$9000.9$2,500$2,500$1,000Determine the change in the equilibrium level of Consumption (find ?C) following a decrease in investment from 2,500 to 2,000 (?I = -$500).
A. negative $4,500 B. positive $4,500 C. negative $4,000 D. positive $4,000
A business cycle is actually a continuous series of different...
What will be an ideal response?