If there are external benefits for good X then which of the following would be true?
a. The socially efficient amount of good X can be achieved if society subsidizes consumers of good X.
b. The socially efficient amount of good X will be equivalent to the free market equilibrium quantity.
c. The socially efficient amount of good X can be achieved if society taxes consumers of good X.
d. The socially efficient amount of good X does not exist.
a
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Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 
A. D; C B. B; C C. B; A D. D; B
What led to the over-extension of credit by some private banks and central banks in the euro zone prior to the 2009 euro crisis?
What will be an ideal response?
Refer to the above table. Assuming constant opportunity costs
A) neither country will be willing to engage in trade at any rate of exchange of product A for product B. B) both countries will be willing to engage in trade at a rate of exchange of 0.3 unit of product A for 1 unit of product B. C) both countries will be willing to engage in trade at a rate of exchange of 3 units of product A for 1 unit of product B. D) both countries will be willing to engage in trade at a rate of exchange of 1.5 unit of product A for 1 unit of product B.
Public choice refers to how
a. much publicity a government-sponsored project receives b. members of government make choices that promote their own self-interest (to keep their jobs) c. the public makes choices about what types of goods to buy d. private decisions often end up becoming public e. supply and demand curves reflect public opinion