The balancing of marginal costs and marginal benefits to obtain an efficient outcome is known as the equimarginal principle.
a. true
b. false
Ans: a. true
Economics
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Refer to Figure 5-2. The private profit-maximizing quantity for the firm is
A) Qa. B) Qb - Qd. C) Qb. D) Qd.
Economics
Indirect taxes are levied on specific economic activities
a. True b. False Indicate whether the statement is true or false
Economics
If the federal government is running a budget surplus,
a. its expenditures must be greater than its revenues. b. the supply of money will decline. c. it will be able to reduce its outstanding debt. d. the U.S. Treasury will have to borrow additional funds in order to cover the surplus.
Economics
A country that made its courts less corrupt and its government more stable would likely see its standard of living rise
a. True b. False Indicate whether the statement is true or false
Economics