Refer to Figure 5-1. Marginal social benefit is represented by which curve?
A) Supply
B) D1
C) D2
D) All of the above represent marginal social benefit.
C
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Explain why depositing cash into a checking account does NOT change the money supply
What will be an ideal response?
What must be done to net domestic product at factor cost in order to transform it to gross domestic product? Explain why these adjustments are necessary
What will be an ideal response?
The currency adopted by most countries in Western Europe is referred to as the
A) euro. B) pound. C) Eurodollar. D) yen.
If the per-worker production function shifts up
A) it now takes more capital per hour worked to get the same amount of real GDP per hour worked. B) the per-worker production function becomes flatter. C) an economy can increase its real GDP per hour worked without changing the level of capital per hour worked. D) negative technological change has occurred in the economy.