The above figure shows the marginal social benefit and marginal social cost curves of doughnuts in the nation of Kaffenia. What is the marginal social cost to the economy of Kaffenia of producing the 100th dozen doughnuts each day?
A) $10.00 per dozen
B) $8.00 per dozen
C) $6.00 per dozen
D) $4.00 per dozen
D
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The CPI is based on an:
A. average of the goods and services purchased by "urban consumers." B. average of the goods and services purchased by "rural consumers." C. average of the two baskets of goods and services purchased both by "urban" and by "rural" consumers. D. aggregated average meant to reflect the statistical average consumption.
Real GDP is GDP
A) in current-year prices. B) in base-year prices. C) in GDP-prices. D) in that year's prices.
Which of the following is a pure public good?
a) a library book b) public transportation c) the judicial system d) an interstate highway e) all of the above
Which of the following is NOT a consumer protection right?
a. right to return products without restriction (right of return act) b. protection against misleading advertisements (truth in advertising laws) c. fair and clear lending practices (truth in lending act) d. purchased items will work properly (warranty protections)