In this graph for positive externalities in consumption, the efficient equilibrium point is at ______.
a. point A
b. point B
c. P1 and Q1
d. P2 and Q2
d. P2 and Q2
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In the United States, a reason for the increase of the labor force participation rate for women is that
A) an increase in wealth allowed men to retire early. B) more women pursued a college education and received higher wages upon graduation. C) fewer women married. D) there has been a decrease in jobs with flexible hours. E) improved Social Security benefits are available for women if they work.
In an open economy, national saving can be less than investment
a. True b. False Indicate whether the statement is true or false
Which of Bernardo’s actions is part of the input market?
a. He advises a law firm. b. He buys groceries. c. He runs three miles a day. d. He visits the doctor.
If demand for drugs is inelastic, then changes in the supply curve through interdiction efforts will dramatically
A. raise equilibrium quantity. B. lower equilibrium quantity. C. lower equilibrium price. D. raise equilibrium price.