Efficient solutions to solving externality problems:
A. are always supported by the government.
B. increase surplus for everyone in society.
C. are not always supported in political arenas.
D. decrease surplus for everyone in society.
C. are not always supported in political arenas.
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When a firm increases its capital usage
a. the total product curve can be expected to fall. b. the total product curve can be expected to rise. c. the marginal product of labor always rises. d. the marginal product of labor always falls
A human resource such as ingenuity can be thought of as
A) part of government spending programs. B) part of a country's endowment. C) a causal factor for aggregate supply shifting left. D) a positive for imports.
Which of the following pairs is most likely to represent complementary goods?
a. Hotels and campgrounds. b. Butter and margarine. c. Bacon and eggs. d. Miniature golf and bowling. e. Coffee and tea.
Related to the Economics in Practice on page 68: One explanation for the increase in the price of the Baltimore newspaper is the increase in the cost of newsprint. This would cause the ________ of Baltimore newspapers to ________.
A. supply; increase B. supply; decrease C. quantity supplied; decrease D. quantity supplied; increase