Wealth increases as a result of ________ and/or ________.
A. positive saving; crowding out
B. positive saving; capital gains
C. positive saving; capital losses
D. negative saving (borrowing); capital gains
Answer: B
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In the figure above, the marginal cost of the fifth computer is
A) 0 television sets per computer. B) 4 television sets per computer. C) 20 television sets per computer. D) 35 television sets per computer.
The table above shows the demand and costs for a single-price monopolist. The maximum economic profit this firm can make equals
A) $1,390. B) $1,550. C) $1,580. D) $2,400.
Using public policy to promote health can:
A. contribute to growth. B. take away resources from those that promote growth. C. hurt a country's chance of reaching high growth. D. discourage citizens from taking care of themselves.
The Coase theorem suggests that efficient solutions to externalities can be determined through bargaining. Under what circumstances will private bargaining fail to produce a solution?