When the government uses a private subsidy in a market with an external benefit, to reach the efficient quantity of production, the subsidy must be equal to the marginal
A) social benefit.
B) cost of production.
C) private benefit.
D) external benefit.
E) external cost.
D
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When people who are willing and able to work cannot find jobs, ________ is said to exist
Fill in the blank(s) with correct word
Which of the following is not a true barrier to human capital development in poor nations?
A. Illiteracy. B. Prohibitive costs to meet basic needs. C. Inequality trap. D. Access to health care professionals.
If individual firms face a horizontal demand curve at a given market price:
A. price is equal to average total cost. B. price is equal to marginal cost. C. price is equal to marginal revenue. D. price is equal to average variable cost.
What argument can you offer to justify the policy prohibiting formal voting during the Euro systems Governing Council meetings?
What will be an ideal response?