Which of the following changes is most likely to happen when there is a decrease in the supply of money in a market that was initially in equilibrium?
What will be an ideal response?
The interest rate increases.
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If the production of a good involves negative externalities, ________
A) the quantity of the good supplied in the market is lower than the efficient level B) the optimal price of the good is higher than the price charged in the market C) total welfare can be increased by increasing the production of the good D) average cost of production can be reduced by increasing output above the optimal level
Technological progress shifts the long-run aggregate supply curve to the right
a. True b. False Indicate whether the statement is true or false
The economic development of a country is dependent on all of the following except
What will be an ideal response?
Refer to the information provided in Figure 8.3 below to answer the question(s) that follow. 
Figure 8.3
Refer to Figure 8.3. The marginal cost of the eleventh basketball is
A. less than $1. B. $1. C. $2. D. greater than $2.