As society approaches total pollution abatement
A) the marginal benefit to society declines.
B) the marginal benefit to society increases.
C) the marginal benefit to society increases, but at a decreasing rate.
D) the marginal cost to society declines.
Answer: A
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In the above figure, the unregulated, competitive market equilibrium is tuition of ________ and the equilibrium quantity is ________ students in college
A) $18,000; 30 million B) $12,000; 40 million C) $6,000; 50 million D) $18,000; 50 million
Deregulation implies that government failure is worse than the market failure that regulation is designed to correct.
Answer the following statement true (T) or false (F)
Expansionary fiscal policy fails to achieve the government's national economic goals. Some economists claim it is due to indirect crowding out. What evidence would be consistent with this claim?
A. The price level decreased. B. The interest rate increased. C. Saving decreased. D. An increase in consumer spending occurred.
Assume that Switzerland and Britain have floating exchange rates. Other things unchanged, if a tight money policy raises interest rates in Britain as compared to Switzerland:
A. gold bullion will flow into Switzerland. B. the Swiss franc will depreciate. C. the pound will depreciate. D. the Swiss franc will appreciate.