The benefit from an additional unit of a good or service that the consumer of that good or service receives is the
A) marginal private benefit.
B) marginal external benefit.
C) marginal social benefit.
D) opportunity cost.
A
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Increasing opportunity cost exists
A) only in theory but not in real life. B) in the real world. C) for a country but not for an individual. D) as long as there is high unemployment. E) inside the PPF but not on the PPF.
The project charter is formally presented to the ________ for approval.
a. Sponsor b. Project Management Office (PMO) c. Steering/Leadership Team d. Project Manager
The price of a new textbook is $120 in one year and is $150 two years later, while the price of a used copy of the text increased from $40 to $60. The relative price of a new textbook
A. decreased from 3 to 2.5. B. increased from 3 to 4.5. C. decreased from 0.8 to 0.67. D. remained constant.
What are the five major forces that can lead to financial crises? Explain each of these forces in depth.
What will be an ideal response?