If a child is more apt to grow up to become a successful contributing member of society because of an education, this benefit to society is called a
A. positive marginal private cost.
B. negative externality.
C. positive marginal private benefit.
D. positive externality.
Answer: D
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Explain the intuition behind why the aggregate demand curve is downward sloping. Why does an increase in the money supply shift the aggregate demand curve to the right?
What will be an ideal response?
Which of the following would be of particular interest to a microeconomist?
a. The price of fruit the typical household consumes. b. The nation's inflation rate. c. The nation's rate of unemployment. d. The budget of the national government. e. The growth of the economy.
The marginal revenue of a price taker is
a. equal to price. b. less than price. c. more than price. d. unrelated to price.
The assets of a bank include deposits, while the liabilities of a bank include loans
Indicate whether the statement is true or false