If there are external benefits for good X then which of the following would be true?
a. The socially efficient amount of good X can be achieved if society subsidizes consumers of good X.
b. The socially efficient amount of good X does not exist.
c. The socially efficient amount of good X can be achieved if society taxes consumers of good X.
d. The socially efficient amount of good X will be equivalent to the free market equilibrium quantity.
a
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Whenever the interest rate goes up, the price of bonds will go down
a. True b. False Indicate whether the statement is true or false
Compared to the 1910-1960 period, during the past 50 years the severity of macroeconomic fluctuations has
a. increased. b. decreased. c. changed little. d. increased, but the general level of prices has been more stable.
If disposable personal income is $500 billion and personal saving is $15 billion, the personal saving rate is
A. 1.5%. B. 3%. C. 7.5%. D. 15%.
Corporations can attract more lenders by offering a lower coupon on their bonds as compared to the government bonds
a. True b. False Indicate whether the statement is true or false