The level of an economic activity should be increased to the point where the ____ is zero
a. marginal cost
b. average cost
c. net marginal cost
d. net marginal benefit
e. none of the above
d
You might also like to view...
To reach the maximum money multiplier, it is assumed that
A) there is insufficient loan demand. B) all loans get redeposited in a checkable account. C) loans are diverted into circulating currency. D) commercial banks keep the amount of reserves. equal to total bank deposits.
If nation A has a comparative advantage over nation B in the production of a product, this implies:
a. it requires fewer resources in A to produce the good than in B. b. the cost of producing the good in terms of some other good's production that must be sacrificed is lower in A than in B. c. that nation B could not benefit by engaging in trade with A. d. that nation A should acquire this product by trading with B. e. that nation A could not benefit by engaging in trade with B.
If a nation decides to specialize and trade, which of the following situations could be expected to occur?
a) lower prices b) fewer domestic jobs c) decreased resource availability d) decreased dependence on other nations e) decreased quantity and quality of goods
Most employees ________ on the value of health insurance provided by employers, and most people ________ when buying individual health insurance policies
A) pay taxes; get a tax break B) pay taxes; do not get a tax break C) do not pay taxes; get a tax break D) do not pay taxes ; do not get a tax break