Which of the following is another way of saying "marginal benefits of an action"?
A. Benefits given up, once the action is taken
B. Unintended gains from taking the action
C. Benefits accruing to others, as a result of one's action
D. Extra benefits resulting from the action
Answer: D
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According to your textbook, which best explains the fact that income inequality has increased in the U.S. since 1980?
A) A growing distrust of the efficacy of federal government spending programs combined with a rising concern over federal budget deficits B) A widening gap between the wages of skilled and extensively-educated workers and the wages of those with fewer skills and less education C) The impact of cheaply-produced and low-priced foreign imports D) Government deregulation of business
Business optimism about future sales tends to __________ investment expenditures, shifting the AD curve to the __________
A) increase; left B) increase; right C) decrease; left D) decrease; right
If we are going to get the most value from our resources, entrepreneurs should choose the investment alternatives that
a. yield a profitable rate of return. b. are most heavily subsidized by the government. c. result in the production of the largest possible output regardless of value to consumers. d. reduce the value of resources and retard wealth accumulation.
One of the board members is appointed to a __ year, renewable term as the chairman
A. 6 B. 4 C. 7