Which of the following is not a not-for-profit institution?
a. Columbia Broadcasting System (CBS)
b. American Red Cross
c. Salvation Army
d. a public library
e. a typical college or university
A
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The unemployment rate is the ________ who are unemployed
A) number of people in the labor force B) percentage of people in the labor force C) percentage of people in the country D) percentage of the working-age population
The above figure shows the marginal social benefit and marginal social cost curves of coffee in the nation of Kaffenia. There is no external benefit
What is the marginal benefit to the citizen of Kaffenia who consumes the four hundredth pound of coffee each day? A) $1.00 per pound B) $2.00 per pound C) $3.00 per pound D) $4.00 per pound
If the number of dollars needed to buy a representative basket of goods falls, the price level
a. falls, so the value of money falls. b. falls, so the value of money rises. c. rises, so the value of money falls. d. rises, so the value of money rises.
The group of economists that has stressed the idea of government failure is:
A. neo-Keynesian economists. B. Pre-Marxian economists. C. mainstream economists. D. public choice economists.