If a change passes the cost-benefit test, then
A) it is a Pareto improvement.
B) it may be a Pareto improvement.
C) it is not a Pareto improvement.
D) total surplus is maximized.
B
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The productivity of workers can depend upon which of the following?
A. Physical capital B. population growth C. Number of businesses established D. All of these are determinants of productivity.
Which of the following would shift the aggregate demand curve to the left?
a. increases in government purchases, investment spending, autonomous consumption, taxes or the money supply b. decreases in government purchases, investment spending, autonomous consumption, or the money supply c. increases in government purchases, investment spending, autonomous consumption or the money supply d. decreases in government purchases, investment spending, autonomous consumption, taxes or an increase in the money supply e. only increases in government purchases
Millionaires do not face the problem of scarcity
a. True b. False Indicate whether the statement is true or false
Identify the direction of the change during a recession in each of the following: consumption expenditures, investment expenditures, and unemployment