The benefit from an additional unit of a good or service that society receives from the consumption of that good or service is the
A) marginal private benefit.
B) marginal external benefit.
C) marginal social benefit.
D) opportunity cost.
C
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C
A tax on an imported product is a:
Tariff Quota Import subsidy Export subsidy
Suppose a policy change will generate $100,000 of benefits for low-income families and $120,000 of costs for high-income families. This change can best be described as
A. Pareto efficient. B. equitable. C. potentially efficient. D. inefficient.
According to Bernanke's policy guide, a full-point decrease in long-term interest rates results in a
A. $1,000 billion stimulus for the economy. B. $20 billion stimulus for the economy. C. $10 billion stimulus for the economy. D. $200 billion stimulus for the economy.