The headline in the newspaper reads "County Supervisors Debate Building New Schools." The headline relates closest to which economic concept?
A) goods and bads
B) utility
C) choice
D) efficiency
C
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According to economic theory, a politician
A) expands activities whose marginal benefit exceeds marginal cost. B) contracts activities whose marginal cost exceeds marginal benefit. C) does not necessarily act on narrow or selfish interests. D) does all of the above. E) does none of the above.
Field (2003) claims that the period from 1929 to 1941 was the strongest period of what in U.S. history?
(a) Technological advancements (b) Monetary policy (c) Government action (d) Internationalization
Since 1996, _____
a. U.S. productivity growth has skyrocketed, at least initially, as more computers were installed b. the computer sector has grown faster than the U.S. economy as a whole c. spending on computers has been approximately constant as a fraction of total U.S. investment spending d. the contribution of computers to U.S. productivity growth has been negative e. computing technology has not improved enough to have a measurable impact on U.S. productivity
My neighbor ________ is an example of an external benefit.
A. smoking a cigarette in my presence B. dumping hazardous chemicals on a stream that passes through my property C. playing loud music on his radio that I can hear D. keeping the leaves from his trees away from my yard