Which cost measures the pollution cost to society?
A. Internal cost
B. Social cost
C. External cost and social cost
D. External cost
Answer: D
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Sal likes to eat pizza. The ________ is the maximum amount that Sal is willing to pay for one more piece of pizza
A) efficient price B) efficient amount C) marginal benefit D) marginal cost
"A decrease in the price of tablet computers will decrease the demand for desktop computers." This statement is an example of a normative economic statement
Indicate whether the statement is true or false
The present value of $1 payable in two years is
a. $1. b. $1/(1 + 2r). c. $1/(1 ? 2r). d. $1/(1 + r)2.
Data for an economy show that the unemployment rate is 6 percent, the participation rate is 60 percent, and 200 million people 16 years or older are not in the labor force. How many people are in the working-age population in this economy?
A. 333 million B. 800 million C. 500 million D. 1.20 billion