If a road is congested, then use of that road by an additional person would lead to a
a. negative externality.
b. positive externality.
c. Pigovian externality.
d. free-rider problem with rush hour drivers stuck in traffic.
a
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If the electric company is allowed by regulators to earn only a normal profit, it will produce at the point where
a. MR = MC b. P = MC c. MC = quantity demanded d. P = AC e. MR = AC
The money supply known as M2:
a. includes large denomination time deposits. b. excludes interest-earning checking accounts in savings and loans. c. does not include money market mutual accounts. d. includes savings accounts and small denomination time deposits. e. includes large denomination repurchase agreements.
Suppose a country had $2.4 billion of net exports and bought $4.8 billion of goods and services from foreign countries. This country would have
What will be an ideal response?
Who said, "It is not the employer who pays wages; he only handles the money. It is the product that pays wages."
A. Henry Ford B. Karl Marx C. Jackson Martindell D. Studs Terkel