The field of environmental economics is concerned with
A. economies of scale.
B. public goods.
C. externalities.
D. government inefficiency.
Answer: C
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Suppose the government want to increase aggregate demand without increasing interest rates. You would recommend
a. reducing transfer payments and increasing the money supply. b. increasing government spending and reducing the money supply. c. increasing taxes and the money supply. d. increasing government spending and the money supply.
A federal budget deficit occurs when: a. there is deflation
b. federal government purchases exceed net taxes. c. there is inflation. d. aggregate demand is greater than aggregate supply. e. aggregate supply is greater than aggregate demand.
Average total costs are defined as
A) total costs divided by the change in output. B) total costs divided by output. C) the change in total costs when output changes. D) average variable costs plus marginal costs.
Structural unemployment is often thought to explain relatively short spells of unemployment
a. True b. False Indicate whether the statement is true or false