When a market is corrected for externalities, it:
A. is efficient and maximizes surplus.
B. is equitable and makes everyone better off.
C. needs government regulation to maintain.
D. All of these statements are true.
A. is efficient and maximizes surplus.
Economics
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Sometimes, the taxes with the smallest excess burden are
A. progressive. B. regressive. C. proportional. D. digressive.
Economics
If interest rates rise, what will happen to the nation's exchange rate?
What will be an ideal response?
Economics
Which of the following is counted as "capital" in economics?
A) the money people have B) the machines that workers have to work with C) the labor force D) the wealth people have
Economics
Approximately how many workers are employed in the U.S. health care industry?
A. 850,000. B. 925,000. C. 5.8 million. D. 17 million.
Economics