In the case of positive externalities, social benefits are __________ internal benefits.
A. less than
B. equal to
C. sometimes greater and sometimes less than
D. greater than
Ans: D. greater than
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Mary has $10 to spend each week on coffee, Qc and magazines, Qm. The price of a coffee is $1, and the price of a magazine is $2. Mary's budget equation is ________
A) Qm = 10 - Qc B) Qm + Qc = 20 C) $1 × Qc + $2 × Qm = $10 D) Qm = 10 - 2 × Qc
Assume that there are no excess reserves, no savings accounts, and no currency held by the public. If the demand deposit expansion multiplier is 4, the required reserve ratio must be
A) also 4. B) .2. C) .25. D) .5.
Marginal land is land that is not worth anything under any circumstances
a. True b. False Indicate whether the statement is true or false
Of the industries listed? below, which one does not receive significant protection from either or both the United States and? Japan?
A. Textiles B. Clothing C. Agriculture D. Automobiles