As the quantity of actions taken to reduce the probability of an accident increases, the expected marginal benefit curve ________.
A) decreases
B) remains constant
C) increases
D) becomes vertical
A) decreases
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Marginal cost
A. is the increase in total cost resulting from production of one additional unit of output. B. is the cost of the marginal unit of output. C. and the average cost curve are U shaped. D. All of the responses are correct.
In the long run, a year-long drought that destroys most of the summer's wheat crops causes permanently:
A. higher prices. B. lower prices. C. lower output. D. None of these is true.
Interbank trading is conducted directly between ________ or through the use of ________ that provide anonymity until the trade is complete.
A. individual consumers; the government B. traders; brokers C. brokers; traders D. individual consumers; brokers
Which of the following is not part of the "state health insurance marketplaces" provision of the Patient Protection and Affordable Care Act (ACA)?
A) Each state is required to establish an Affordable Insurance Exchange. B) Small businesses with fewer than 50 employees are exempt from being required to participate in the program. C) Low-income individuals are eligible for tax credits to offset the costs of buying health insurance. D) None of the above are a part of the "state health insurance marketplaces" provision.