The extra benefit that results from carrying out one additional unit of an activity is the ________ of the activity.

A. average benefit
B. marginal benefit
C. economic benefit
D. total benefit


Answer: B

Economics

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If the game continues for infinity, then the new Nash Equilibrium is a. for one firm to charge a HP forever

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Economics

Since the definition of economic growth does not take into account the growth of the country's population, the income of the average person in a country with high real GDP growth could be declining through time

a. True b. False Indicate whether the statement is true or false

Economics

Suppose the economy of Catalania is experiencing a recession and policy makers decide to implement an expansionary monetary policy. It takes more than a year to implement the recommended policy measures. This is an example of a(n): a. liquidity trap

b. wage-price spiral. c. administrative lag. d. operational lag.

Economics

Suppose the economy was initially in a long-run equilibrium. Then the world economy expands so that foreign incomes rise. U.S. aggregate demand ________ and eventually the money wage rate ________.

What will be an ideal response?

Economics