When the private costs and the social costs are NOT the same, there is a(n)
A. externality.
B. monopoly.
C. public good.
D. internality.
Answer: A
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Young male adults provided the single largest group of migrants. This helped increase human capital in the U.S
Indicate whether the statement is true or false
Which of the following is true?
A. A nation cannot have a comparative advantage in the production of every good. B. A nation cannot have an absolute advantage in the production of every good. C. A nation can have a comparative advantage in the production of every good, but not an absolute advantage. D. A nation can have a comparative advantage in the production of a good only if it also has an absolute advantage. E. A nation cannot have an absolute advantage in the production of a good unless it also has a comparative advantage.
Why is efficiency desirable?
A) It results in an equal distribution of income. B) It results in the highest prices for the goods and services produced. C) It makes best use of the available resources. D) It is the most politically popular solution.
One of the unique problems that banks face is:
A. they hold liquid assets to meet liquid liabilities. B. they hold illiquid assets to meet liquid liabilities. C. they hold liquid assets to meet illiquid liabilities. D. both their assets and their liabilities are illiquid.