The optimal amount to spend on actions that decrease the probability of bad outcomes is the amount that sets the ________ of reducing the probability of a bad outcome equal to the ________ of the action(s) that reduce(s) the probability.
A) expected marginal benefit; expected marginal cost
B) expected marginal benefit; marginal cost
C) marginal benefit; expected marginal cost
D) marginal benefit; marginal cost
B) expected marginal benefit; marginal cost
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Market failures occur when
A) externalities exist. B) economic efficiency increases. C) there is an increase in demand. D) there is a change in quantity demanded.
The decline in output at the onset of the Great Depression was caused primarily by
a. a positive demand shock b. a negative demand shock c. a positive supply shock d. a negative supply shock e. simultaneous shocks to supply and demand
The questions below are based on the table below. Fill in the blank spaces first. 
The Supply of Labor is W = 10 + 3QLHow many laborers will be hired and what will the wage be if both product and labor markets are perfect and the going wage is $18 per worker?
What will be an ideal response?
The best exchange rate system:
A. is a fixed exchange rate system. B. is a flexible exchange rate system. C. has not yet been determined. D. is a partially-fixed exchange rate system.