If a marginal cost pricing rule is imposed on the firm in the figure above, the total surplus will be
A) zero.
B) $800.
C) $400.
D) $200.
B
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Under the U.S. Constitution, individual states
(a) have no power. (b) control laws regulating state businesses. (c) benefit from the ability to borrow from other countries to finance taxes due to the central government. (d) regulate trade with foreign countries conducted in and by the state.
If the Fed sells a U.S. Treasury bill to a member of the public, the banking system has
a. less reserves and the money supply tends to fall. b. more reserves and the money supply tends to fall. c. less reserves and the money supply tends to grow. d. more reserves and the money supply tends to grow.
Alex just got a new car. Because Alex obtained full-coverage car insurance, Alex will have an incentive to ________ because of ________.
A. drive more cautiously than if he didn't have insurance; adverse selection B. drive more cautiously than if he didn't have insurance; moral hazard C. drive less cautiously than if he didn't have insurance; adverse selection D. drive less cautiously than if he didn't have insurance; moral hazard
Which of the following would increase aggregate supply?
A. increased training and education B. a discovery of new raw materials C. a reduction in input prices D. all of these