The figure above illustrates the marginal private cost and the marginal social cost to the city of Seattle for each rock concert that is offered. It also illustrates the marginal private benefit. There is no external benefit
The efficient number of concerts in Seattle is A) 0.
B) 5.
C) 10.
D) 20.
E) 15.
C
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Expenditures for services such as tourism, income for foreign investment, and foreign gifts are tabulated in the:
a. current account. b. capital account. c. official reserve account. d. goods account.
By using restrictive fiscal policy during the Great Depression, the government improved the economic situation.
Answer the following statement true (T) or false (F)
The Fed has announced it views its long term target for the inflation rate as:
A. 10 percent. B. 5 percent. C. 0 percent. D. 2 percent.
If the demand for table salt were perfectly inelastic at all prices, a decrease in supply would
A. increase the price and decrease the quantity demanded. B. increase the price while not affecting the quantity demanded. C. would reduce the quantity demanded to zero no matter what the initial price. D. have no effect on either price or quantity demanded.