Which of the following is true?
a. Producing too much pollution could be a market failure, but producing too little research cannot.
b. Producing too little research could be a market failure, but producing too much pollution cannot.
c. Both producing too much pollution and producing too little research could be market failures.
d. Market failures mean that government intervention in those areas will improve the results.
c
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If all prices rise by 5 percent and money income remains constant, the new budget line will have
A) a steeper slope. B) a flatter slope. C) a positive slope. D) the same slope.
Refer to Figure 15-6. The monopolist earns a profit of
A) $0. B) $170. C) $248. D) $372.
The most likely impact of an unanticipated increase in the money supply is a(n): a. increase in the real interest rate, which in turn stimulates investment and GDP
b. decrease in the real interest rate, which in turn stimulates investment and GDP. c. decrease in real output, which causes the real interest rate to decline and in turn stimulate investment and GDP. d. increase in real output, which causes the real interest rate to decline.
The Supplemental Security Income (SSI) program focuses on the poor who are sick or disabled
a. True b. False Indicate whether the statement is true or false