The difference between producer surplus and profit is always the associated with
A) opportunity costs.
B) total costs.
C) variable costs.
D) fixed costs.
D
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When dealing with negative externalities, government action is required
A) only if transactions cost are low. B) for any bargain to be successful. C) only in environmental disputes. D) only if transactions costs preclude bargaining between polluter and victim.
The required stock return an investor seeks can best be represented by which of the following?
A. Risk-free Return + Risk Premium B. Risk Premium - Risk-free Return C. Risk-free Return × Risk Premium D. (Risk-free Return + Risk Premium)/(1 + i)
If population growth is greater than the growth of real output
A. the production possibilities curve is shifting to the left. B. real per capita Gross Domestic Product (GDP) growth will be less than the growth of real Gross Domestic Product (GDP). C. real per capita Gross Domestic Product (GDP) and real Gross Domestic Product (GDP) will be growing at the same rate. D. real per capita Gross Domestic Product (GDP) growth will be greater than the growth of real Gross Domestic Product (GDP).
An increase in the labor force participation rate
A) means there are more discouraged workers. B) implies that the unemployment rate must fall. C) implies that the unemployment rate must rise. D) is consistent with either a rise or a fall in the unemployment rate.