When social costs for using a scarce resource are included, then there is
A. a decrease in the price of the good.
B. a decrease in the production of the good.
C. a negative externality.
D. a positive externality.
Answer: B
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Which legislation would U.S. labor unions support?
a. legislation to eliminate all restrictions on immigration b. legislation to increase direct foreign investment in the United States c. legislation to ease rules on immigration d. Labor unions would support all of these measures.
To maximize profits, the monopolist should produce at which
A) MR = MC. B) MC intersects the demand curve. C) total revenue is maximized. D) total costs are minimized.
Our capital account balance in 2009 was a
A. surplus of about $500 billion. B. surplus of about $400 billion. C. deficit of about $500 billion. D. deficit of about $700 billion.
A job advertised in an industry publication rather than a local newspaper is an attempt to
A) use access to the industry publication as a screening mechanism. B) use access to the newspaper as a screening mechanism. C) use access to the industry publication as a means of statistical discrimination. D) use access to the newspaper as a means of statistical discrimination.