The opportunity cost to society of producing one more unit of the good is
A) average cost.
B) marginal cost.
C) efficiency costing.
D) the optimal cost.
B
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The PIA is generated with a formula such that
A. high-income earners receive the same as low-income earners. B. high-income earners receive less than low-income earners. C. higher-income earners receive more money but a lower proportion of their AIME than lower-income. D. higher-income earners receive the same proportion of AIMA as low-income earners.
Governments track the value of international transactions with ________.
A. the circular flow model B. aggregate demand C. the balance of trade D. the federal deficit
Many states charge a 10-cent deposit on every can of soda sold. A purchaser pays an extra 10 cents per can and will get his money back by returning the empty can to a store. This policy encourages recycling by
a. increasing the supply of recyclable materials. b. shifting in the demand curve for canned soda. c. raising the opportunity cost of discarding empty cans. d. taxing the production of canned soda.
New Keynesians argue that
A. appropriate activist policies will increase the length of cyclical fluctuations. B. appropriate activist policies will have an known effect on the length of cyclical fluctuations. C. appropriate activist policies can reduce cyclical fluctuations. D. none of these.