As more information is gather, the marginal cost of additional information ________ and the marginal benefit of additional information ________
A) increases; increases
B) increases; decreases
C) decreases; increases
D) decreases; decreases
B
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The rate of interest banks charge other banks for overnight loans of reserves is the
A) prime rate. B) discount rate. C) federal funds rate. D) real rate.
Organizers of an outdoor concert in a park surrounded by residential neighborhoods are likely to consider the noise and traffic cost to residential neighborhoods when they assess the financial viability of the concert venture
a. True b. False Indicate whether the statement is true or false
High tariffs and restrictive quotas will encourage rapid economic growth.
a. true b. false
Each of the following is a provision of the Personal Responsibility and Work Opportunity Reconciliation Act of 1996 except
A. lifetime welfare benefits are limited to five years. B. after receiving welfare for two months. Adults must find jobs or perform community service. C. the federal guarantee of cash assistance for poor children is ended. D. the provision of over one million government jobs for those unable to find work in the private sector.