If a negative externality were present in a market, the social benefit curve would be:
A. above the private demand curve.
B. below the private demand curve.
C. the same as the private demand curve.
D. Cannot say without more information.
B. below the private demand curve.
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Actual experiments show that negative income taxes destroy work incentives
a. True b. False Indicate whether the statement is true or false
How is it possible for the economy to have a recessionary gap?
A. Equilibrium is at a GDP level below full employment. B. Equilibrium is at a GDP level equal to full employment. C. Equilibrium is at a GDP level above full employment. D. GDP is rising at full employment. E. GDP is falling at full employment.
Why do high fixed costs force firms to shut down temporarily or shut down forever?
What will be an ideal response?
During 2016, Yolanda's assets equal $400,000 and her liabilities were $550,000. Yolanda's net worth is
A. -$150,000. B. $150,000. C. $475,000. D. $950,000.