In the above table, if the market is perfectly competitive and unregulated, at the equilibrium level of output, the marginal external benefit per unit is
A) zero.
B) $20 per unit.
C) $50 per unit.
D) $70 per unit.
B
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Legislation to protect red-cockaded woodpeckers created incentives that resulted in premature harvesting of trees the woodpeckers like to nest in. This is an example of which of the following?
a. Association is not causation. b. the fallacy of composition c. the use of ceteris paribus conditions in economic analysis d. Good intentions do not always lead to desirable outcomes.
Which is the smallest American labor union?
A. The International Brotherhood of Teamsters B. The National Education Association C. The Service Employees International Union D. United Auto Workers
Which of the following do unions usually advertise to their members and potential members?
A. a powerful political lobby B. steady employment C. high wages D. better fringe benefits E. All of these are used for advertising to members and potential members.
The single biggest federal tax is the
A. estate tax. B. corporate income tax. C. excise tax. D. federal income tax.