Refer to the information provided in Figure 1.2 below to answer the question(s) that follow.
Figure 1.2Refer to Figure 1.2. The slope of the line between Points A and B is
A. 0.4.
B. 1.2.
C. 2.5.
D. indeterminate from this information.
Answer: A
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Suppose your neighbor has a beautiful garden. The benefit that she enjoys from her garden is called ________ and the benefit the rest of the neighborhood enjoys is called ________
A) marginal private benefit; marginal external benefit B) private cost; external cost C) marginal social benefit; marginal external benefit D) marginal external benefit; marginal social benefit
What is a primary determinant of the asset demand for money? I. the interest rate II. the opportunity cost of holding money III. the supply of money
A) I only B) III only C) both I and II D) both II and III
In the past 10 years or so, average real wages of U.S. workers in non agricultural industries have
a. increased about 40 percent. b. increased slightly. c. remained about the same. d. declined.
Economics is considered to be part of the field of
a. management science b. mathematical sciences c. actuarial science d. social sciences e. natural sciences