To achieve ________, marginal cost ________ marginal benefit
A) production efficiency; must equal
B) production efficiency; must be greater than
C) allocative efficiency; must be greater than
D) allocation efficiency; must be less than
E) allocative efficiency; must equal
E
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Which of the following are mentioned as forces of the new growth theory that influence economic growth? I. Technology II. Research III. Innovations
A) I only B) I and II only C) I and III only D) II and III only E) I, II, and III
There are two forms of health care provided by the government: _________ is provided for the poor, and _________ is provided for the elderly.
A. HMO; Medicare B. PMI; HMO C. Medicaid; Medicare D. Medicare; Medicaid E. SSI; Medicare
Alan Greenspan's overall approach to monetary policy:
a. has been partly credited for the expansion of the 1990s. b. relied heavily on the monetization of debt during economic downturns. c. typically responded to economic downturns by lowering the federal funds rate. d. Both a and b are correct. e. both a and c are correct.
The outcome of the game in the figure shown will be:
This figure displays the choices being made by two coffee shops: Starbucks and Dunkin Donuts. Both companies are trying to decide whether or not to expand in an area. The area can handle only one of them expanding, and whoever expands will cause the other to lose some business. If they both expand, the market will be saturated, and neither company will do well. The payoffs are the additional profits (or losses) they will earn.
A. Starbucks will expand and Dunkin Donuts will not.
B. Starbucks will not expand and Dunkin Donuts will.
C. Starbucks and Dunkin Donuts will both expand.
D. neither Starbucks nor Dunkin Donuts will expand.