Most disagreements among economists stem from normative issues
a. True
b. False
Indicate whether the statement is true or false
True
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In the case of positive externalities, too many people consume and produce the good compared to what is desired by society
a. True b. False Indicate whether the statement is true or false
If this year the CPI is 110 and last year it was 100, then
a. the cost of the CPI basket of goods and services has increased this year by 110 percent. b. the price level as measured by the CPI has increased by 10 percent. c. the inflation rate for this year has increased by 10 percent over last year's inflation rate. d. All of the above are correct.
Why can't the government force a natural monopolist to produce the competitive output?
What will be an ideal response?
Value arises from a tradeoff between